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The growth of banking industry is closely interlinked with the growth in the economy. Slowdown in economy in the past few years meant lower credit offtake. With lower demand for credit, banks had no option but to invest in low yielding Government securities (G-sec). However with the recent recovery in economy the credit offtake is likey to pick-up and pick-up in credit offtake means deploying funds to the commercial sector and earning a higher return than G-sec. Recovery in the select sectors, like steel, textile and capital goods which have high credit consumption, has lead to pick-up in credit offtake. This clearly means a good topline growth for the banks.
What else can I help you with?
What does offtake mean?
Offtake refers to the agreement or arrangement in which a buyer commits to purchase a certain quantity of goods or services from a seller, often before production begins. This term is commonly used in industries such as energy, agriculture, and manufacturing, where it helps secure financing and ensure market demand. Offtake agreements can provide stability for producers and guarantee supply for buyers.
What does a credit department do in a bank?
credit department handles the credit granting, credit collection and credit limits of their applicants
What is the adverb for credit?
Credit and Debit cards, Credit.
Is no credit worse than bad credit?
Not having a credit history is better than having a bad credit history. Bad credit is very bad... No credit is good. you are now ready to apply for credit. Start small, like a department store credit card. You must establish credit and use it in order to get a credit rating.
What is the difference between credit card and revolving credit?
A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.
What does offtake mean?
Offtake refers to the agreement or arrangement in which a buyer commits to purchase a certain quantity of goods or services from a seller, often before production begins. This term is commonly used in industries such as energy, agriculture, and manufacturing, where it helps secure financing and ensure market demand. Offtake agreements can provide stability for producers and guarantee supply for buyers.
What word to use instead of went?
Synonyms for went:go awaygo offdepartset offset outexitwalk offmovequitbe offtake offmovemove onproceedprogressmake for
What are some science jobs that begin with the letter T?
Science words beginning with T:taxonomytelescopetendontest tubethundertuliptundratheorytest tubetracheatreestigertelescopeThomas Edisontendonstoxins
What does a credit department do in a bank?
credit department handles the credit granting, credit collection and credit limits of their applicants
What is the classification of credit according to type of credit?
1] Consumer Credit 2] Mercantile or Commercial Credit 3] Bank Credit 4] Investment Credit
Is credit an adjective?
No. Credit is a noun, or a verb (to credit, or recognize). It is widely used as a noun adjunct with related nouns: credit check, credit score, credit card (compound noun), and credit history.
What is the adverb for credit?
Credit and Debit cards, Credit.
The Three categories of consumer credit are service credit cash credit and what else?
sales credit
Do you debit or credit proceeds of sales of fixed asset in trial balance?
credit credit credit
When was Credit Where Credit's Due created?
Credit Where Credit's Due was created on 2004-09-28.
Is no credit worse than bad credit?
Not having a credit history is better than having a bad credit history. Bad credit is very bad... No credit is good. you are now ready to apply for credit. Start small, like a department store credit card. You must establish credit and use it in order to get a credit rating.
What is the difference between credit card and revolving credit?
A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.
