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.
IIT Bombay's Mood Indigo: Asia's largest college-based cultural event Mood Indigo is going to be
Sunny Deol's film 'Gadar 2' has created panic at the box office. He has thanked people from the b
The period fantasy film Kanguva starring Surya in the lead hit the theatres on November 14, 2024.
Entry of AAP MLAs banned in Delhi Assembly; Atishi sits on dharna; says- BJP has crossed all limits.
AAP MLAs have not been given entry into the Delhi Assembly today on Thursday. On the other hand,
After the victory of Mahayuti in Maharashtra, there is no suspense over the name of the Chief Min
Will Nitish play this game? Tejaswi and Bihar CM are coming to Delhi on the same flight
The results of the Lok Sabha elections have come. The NDA alliance has got 292 seats. On the othe
The hearing on the Waqf law was held in the country's biggest court on Wednesday. It lasted about
The results of the Vice Presidential election have been announced. NDA candidate CP Radhakrishnan
This year, many star kids made their debut on the big screen, but their films neither earned mone
Palestine: Who runs Palestine, what are the political parties here? Know his relationship with Hamas
After the attack on Israel, the Palestinian terrorist organization Hamas has become a topic of di
