{"id":402669,"date":"2021-03-02T11:15:36","date_gmt":"2021-03-02T05:45:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402669"},"modified":"2021-03-02T11:15:36","modified_gmt":"2021-03-02T05:45:36","slug":"sharp-spike-in-loans-to-nbfcs-renewable-energy-aviation-cos-in-january","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sharp-spike-in-loans-to-nbfcs-renewable-energy-aviation-cos-in-january\/","title":{"rendered":"Sharp spike in loans to NBFCs, renewable energy, aviation cos in January"},"content":{"rendered":"<p>Mumbai: Non-food credit growth of banks slowed to 5.7% in January led by a decline in industrial and personal loans. Credit growth in this category was 8.5% in January and 5.9% in December.<\/p>\n<p>Loans to aviation and non-banking finance companies saw a sudden spike in January, even as services sector credit growth continued to slow, reaching 8.4% year-on-year in January 2021, after having risen to 9.5% in October 2020 and 8.8% in December.<\/p>\n<p>Within services, aviation sector saw 120% jump in credit growth to \u20b912,280 crore at the end of January 2021 compared to a 60% contraction last year. Similarly loans to NBFCs, like Power Finance Corporation, and Rural Electrification Corporation, saw a 151% growth to \u20b971,109 crore during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Non-food credit growth of banks slowed to 5.7% in January led by a decline in industrial and personal loans. Credit growth in this category was 8.5% in January and 5.9% in December. Loans to aviation and non-banking finance companies saw a sudden spike in January, even as services sector credit growth continued to slow, reaching 8.4% year-on-year in January 2021, after having risen to 9.5% in October 2020 and 8.8% in December. Within services, aviation sector saw 120% jump in credit growth to \u20b912,280 crore at the end of January 2021 compared to a 60% contraction last year. Similarly [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-402669","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402669"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402669\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}