
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.
Poisonous liquor has once again wreaked havoc in Bihar which has banned liquor. In the Chhapra di
The heat of the economic crisis prevailing in Pakistan is slowly spreading to every part of the c
At least 24 people have died in flash floods and landslides caused by heavy rains in coastal area
Is the Russian President sick in the Ukraine war? Mysterious black marks visible on Putin's hand
The health of Russian President Vladimir Putin is once again in the news. The reason behind this
The biggest football festival of the year, 'UEFA Euro 2024' is going to start from next month. Be
Delhi Capitals captain Rishabh Pant played a brilliant innings against Gujarat Titans on Wednesda
The air quality in the country's capital Delhi is worsening. Due to this, the people of Delhi are
After the India-China conflict, mobile towers will be installed near the LAC for better connectivity
The government has decided to install more mobile towers along the Line of Actual Control (LAC) i
In the Delhi Assembly elections (Delhi Vidhan Sabha Chunav 2025), the voting percentage declined
The devastating earthquake that hit Turkey on February 6 left millions of people homeless. Thousa