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.
India has once again slammed Pakistan in the United Nations Human Rights Council (UNHRC). India h
The Australian cricket team is known for its alertness and Pakistan for its aggressive approach.
Congress MP Dheeraj Sahu The counting of the notes recovered from the premises of Congress Rajya
Former Indian cricketer and commentator Sanjay Manjrekar has praised the Indian batting in Manche
Punjab Kings and RCB are to face each other in the final of IPL 2025. Meanwhile, radio jockey tur
Given the tight monetary stance of various central banks, it appears that the weakness in global
The continuation of death due to spurious liquor continues in Bihar. The opposition is busy besie
After Rajasthan, now Maharashtra has also started genome sequencing regarding the lumpy virus, bu
Demand for ceasefire in Gaza: Jewish activists protest by entering US Parliament, detained by police
The conflict between Israel and Hamas has been going on for the last 12 days. Nearly five thousan
Pakistan's 16th Army Chief General Qamar Javed Bajwa is retiring from this post after 6 years. As
