The RBI released results of 14th round of quarterly Bank Lending Survey on February 5, 2021. This was a forward – looking survey conducted to capture all the qualitative assessment.
And it has an assumption of major scheduled commercial banks or the SCBs on credit parameters regarding crucial economic sectors.
Moreover, the survey questionnaire was campaigned among 30 vital SCBs which accounted for more than 90 percent of bank credit in the country.
Also, an additional block was added in this 14th round of the survey conducted by the RBI. It was to assess outlook for the upcoming three quarters amid uncertainty caused by COVID-19 pandemic.
The assessment has been taken which reflected revived loan demand conditions during the Q3FY21.
It has reflected an increased level of optimism for every crucial sector of the Indian economy.
With exception to the infrastructure sector, banks have assessed the relieve of terms and conditions of loans prevailing in all sectors.
However, the bankers are expecting further improvement in the loan demand towards Q4FY21. Moreover, the higher optimism levels are reported majorly in the manufacturing, personal loan, infrastructure and service sectors.
Also, we can expect further softening for the personal loan segment. We can expect easy loan terms & conditions in the first half of 2021-22.
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