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.
Sri Lanka has approved the port call of the Chinese-made Pakistani Guided Missile Frigate PNS Tai
Tata Group's honorary chairman and veteran industrialist Ratan Tata died late Wednesday night. He
Bollywood actress Alia Bhatt's former personal assistant Vedika Prakash Shetty has been arrested
Many shocking revelations are happening in Mangaluru Auto Blast. Sources said that the accused Mo
The weather pattern has changed rapidly in the last few hours in the country. Apart from Delhi-NC
In the case of money laundering, Mafia Mukhtar was being questioned on Thursday as well. He was t
Two all-rounders of Kolkata Knight Riders are making a splash in IPL 2024. Sunil Narine and Andre
Rising heat can scorch the country's economy, apart from life, a heatwave can also take away jobs
India can no longer ignore issues like global warming. On the one hand, where there is scorching
Sheikh Hasina, who left the country and the post of Prime Minister on August 5, is currently in I
Bihar Board Inter Result 2023 BSEB Class 12th Scrutiny Exam Dates: The BSEB Intermediate Result i
