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 deployment of central forces started in West Bengal after the order of the Supreme Court. The
One of the most awaited films of Bollywood, 'Ramayana', whose shooting has been going on for a lo
Israeli Prime Minister Benjamin Netanyahu has strongly criticized international organizations, wo
Canadian Prime Minister Justin Trudeau is now targeting Russia after India to brighten domestic p
In the fourth match of Pakistan Super League 2024, Quetta Gladiators defeated Lahore Qalandars by
It's been just a few days since Shah Rukh Khan's film Jawan was released. The film is also making
The Supreme Court on Tuesday made an important comment on the dispute between the Tamil Nadu gove
Former Pakistan Prime Minister and PTI chief Imran Khan have made a new allegation in the leaked
Nasal Vaccine: The price of the nasal vaccine of Corona is fixed, will have to pay 800 rupees
Because of the threat of Corona, preparations have intensified in India. Vaccination is also bein
BSF has given the latest information about the situation in Murshidabad, West Bengal after the vi
