The demand for credit is increasing rapidly in the country. Also, there is a huge difference between the interest rates of deposits and loans. In such a situation, banks will have to attract customers by increasing the interest rate on deposits. RBI has said this in its Sunday report. It added that normal rains and less inflationary pressure will support growth. The demand for credit will also increase rapidly due to the improvement in economic activities. Deposits in banks rose 9.77 percent to Rs 169.61 lakh crore in the fortnight ended July 1. During this period, the debt increased by 13.29 percent to 123.81 lakh crore. In the fortnight of June 2, 2021, borrowings were 109 lakh crore and deposits were 154 lakh crore. agency
GDP will grow rapidly even after a recession
In another report, RBI said, despite the adverse situation, the Indian economy will grow rapidly. The impact of the geopolitical situation is visible in many areas, which is a hindrance in the path of reform. Still, based on the indications, India is on track to become the fastest growing economy amid fears of a global recession. On the other hand, if the commodity prices are low, then the bad phase of high inflation can also end. Retail inflation remains above 7 percent for now.
The US has overtaken the United Arab Emirates (UAE) to become number one in terms of sending money to India. 20 percent of the money coming into India is coming from America. Due to Corona, there may be a 30 percent reduction in the amount coming to India from Gulf countries in 2020-21 as the number of people going out from here has decreased. The report said that the US, Singapore, and the UK account for 36 percent of the amount coming to India. Kerala, Tamil Nadu, and Karnataka receive maximum money from UAE.
Ravanasura Trailer: Trailer of Ravi Teja's film 'Ravanasur', Mass Maharaja was seen doing strong action
Ravi Teja is one of the most popular actors in Telugu cinema. He will soon be seen in Ravanasur. Fans are eagerly waiting for his film. Seeing this eagerness of the fans, the makers have released the
IND vs SA: After the defeat in the second ODI, Rahul said that the toss was important, did not scoring many runs in the death overs prove costly?
Indian captain KL Rahul admitted that India's inability to score enough runs in the death overs cost them dearly, but he believes the toss played a key role in the second ODI against South Africa.
NISAR: What is NISAR, a joint satellite mission of ISRO and NASA? Know what the benefits will be.
The Indian Space Research Organization (ISRO) is going to launch a satellite on Wednesday evening. This satellite is special in many ways. It took about a decade and a half to build this satellite,
Grand welcome for PM Modi in Sri Lanka, 5 ministers welcomed him with guard of honor
Prime Minister Narendra Modi has arrived in Sri Lanka on a three-day visit after his visit to Thailand. He was given a grand welcome in the country's capital, Colombo. On Saturday morning, a guard of
Lakhbir Singh Rode: Who was Lakhbir Singh Rode, who died in Pakistan, what was his relationship with Bhindranwale
There is news of the death of Khalistani terrorist Lakhbir Singh Rode in Pakistan. Lakhbir Singh used to sit in Pakistan and plot to terrorize Punjab. His name has appeared in many big incidents in
Cough Syrup: Ban imposed in Tamil Nadu, drug controller suspended in Rajasthan; what happened in the cough syrup case?
Following the deaths of 12 children in Madhya Pradesh and Rajasthan, the Tamil Nadu government has completely banned the sale of "Coldrif" cough syrup and ordered its removal from the market. The sale
BCCI cameraman injured by Rishabh Pant's shot, DC captain apologized by giving 'special message'
Delhi Capitals captain Rishabh Pant apologized to the BCCI cameraman who was injured by the star batsman's shot. Delhi Capitals defeated Gujarat Titans
Khel Ratna Awards: 'The decision is now in the hands of the country', Manu's father suspects conspiracy on Khel Ratna, know what he said
Top pistol shooter Manu Bhaker, who was reportedly not nominated for the country's biggest sports award Major Dhyanchand Khel Ratna despite creating history by winning two bronze medals at the Paris
Pahalgam Attack: 'Time to abolish Articles 26 to 29 of the Constitution...', Nishikant Dubey after Pahalgam attack
After the terrorist attack in Pahalgam, Jammu and Kashmir, BJP MP Nishikant Dubey has given a big statement. He said that now the time has come to abolish Articles 26 to 29 of the Constitution. During
Corona In India : The daily number of corona cases in the country has crossed 11 thousand; Active patients are also more than 49 thousand
Corona cases are continuously increasing in the country. In the last 24 hours, more than 11 thousand new cases of corona infection have been reported. With this, the figure of such corona infected who
