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.
The problems of Himachal Pradesh are not taking the name of lessening. The Meteorological Departm
SRH vs LSG Pitch Report: Fast bowlers are in awe of Lucknow's pitch, spinners impress on black soil
SRH vs LSG Pitch Report, IPL 2023. Lucknow Supergiants will host Sunrisers Hyderabad in the 10th
After the three-match ODI series, India and New Zealand are now set to play a five-match T20I ser
Uttar Pradesh Chief Minister Yogi Adityanath met Amit Shah, Nitin Gadkari, and many other leaders
The news of the affair between Indian cricket star Hardik Pandya and British singer Jasmine Walia
Bharat Jodo Nyay Yatra, being taken out under the leadership of Rahul Gandhi, has moved forward f
A video of Finland's Prime Minister Sana Marine is going viral on social media. In this, she is s
Ravi Teja is one of the most popular actors in Telugu cinema. He will soon be seen in Ravanasur.
Indian Space Research Organisation (ISRO) Chairman S Somnath has praised Prime Minister Narendra
Nayanthara recently accused Dhanush of refusing to permit to use of scenes from the film 'Naanum
