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Corporate credit cycle improving significantly SECTIONS Share Synopsis Last year GDP growth was negative. This year even if there is a correction from the initial double digit estimates for real GDP, norminal growth will be 13% to 14% which will have some implications on credit growth. We are looking at a loan growth of 7% to 10% compared to 5% last year. he said. Agencies Bank of Baroda CEO Sanjiv Chadha. Bank of Baroda CEO Sanjiv Chadha expects fiscal 2022 to be better than the previous year due to a pick up in loan growth in line with the economic revival, lower credit costs and strong capital position. Edited excerpts: ....
Last year GDP growth was negative. This year even if there is a correction from the initial double digit estimates for real GDP, norminal growth will be 13% to 14% which will have some implications on credit growth. We are looking at a loan growth of 7% to 10% compared to 5% last year. he said. ....
IndiaFirst Life Insurance raises term plan premium by 25% in first-ever hike For a Rs 1 crore coverage term pan across different ages, the hike has happened in the range of 14-25 per cent The COVID-19 impact on insurance premium is visible. IndiaFirst Life Insurance is the latest among life insurers to hike the premium on term insurance plans by up to 25 per cent from April 21. The company has seen a 30 per cent jump in claims in last one year. For a Rs 1 crore coverage term pan across different ages, the hike has happened in the range of 14-25 per cent. For example, a 30-year-old male customer would pay Rs 8,600 annual premium for a term coverage of Rs 1 crore compared to Rs 7,000 earlier. ....