RBI Report: More interest may be available on deposits in the coming time

Posted on 18th Jul 2022 02:28 pm by rohit kumar

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.


Also Read: Forex Reserves Decline: India's foreign exchange reserves are decreasing continuously, know why this is a cause for concern?

1 Like 0 Dislike
Previous news Next news
Other news

Heavy rain in many areas of Maharashtra, university examinations were postponed; Many cars were washed away after floods in Indore

Normal life has come to a standstill after heavy rains in many parts of Maharashtra. The situatio

Global Recession Worries: Decreased growth rate and inflation raised concerns about global recession, business activities halted

Global Recession: The strategy of countries around the world to control inflation by stopping the

Married women will also be able to get an abortion on marital rape: Supreme Court said - discrimination for abortion between married and unmarried women is unconstitutional

The Supreme Court has given a big decision on abortion on Thursday. The court said that all women

Rajnath Singh: Defense Minister Rajnath met soldiers in Imphal, said - I also wanted to join the army

Defense Minister Rajnath Singh met Army and Assam Rifles personnel in Imphal today. During this,

Bihar: 'Chhote Sarkar' veto made the accused of kidnapping law minister, knows everything about Kartikeya Singh

Within 24 hours of the oath of Nitish Kumar's new cabinet, one of his ministers has been embroile

Medical Education: 20 thousand medical students who returned from Ukraine will not be able to study in the country, the government told this reason

Ukraine Returned Medical Students: The future of 20,000 medical students who returned home during

MiG-21: Why are MiG-21 aircraft more than 50 years old, the country's compulsion, all squadrons will retire by 2025

Another incident of the crash of MiG-21 aircraft, popularly known as Flying Coffin (Udta Coffin)

Jyotiraditya Scindia: 'By 2027 there will be 1200 passenger planes in India, the number of passengers will cross 400 million

Civil Aviation Minister Jyotiraditya Scindia said on Sunday that the country's civil aviation sec

Corona again knocked in China: Lockdown imposed in resort city, more than 80 thousand tourists stranded; Flights coming from abroad canceled

Corona has once again knocked in China. More than 80 thousand tourists are stuck in the resort ci

Civil Service Vacancies: More than 2300 posts of IAS-IPS are vacant, the minister said this about recruitment

UPSC Civil Service Vacancies 2022: The number of candidates preparing for government jobs is incr

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS

Play Free Quiz and Win Cash