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.
Lok Sabha elections are going on across the country. All political parties are campaigning vigoro
The Supreme Court has dismissed a petition filed by the Tamil Nadu government against the march o
Gaganyaatr Shubhanshu Shukla, who hoisted the Indian flag for the first time on the ISS and raise
Cristiano Ronaldo did not ignore Salman Khan, this new picture surfaced
Salman Khan And Cristiano Ronaldo: The relationship between film stars and sports players is very
Haryana Chief Minister Nayab Singh Saini may soon expand his cabinet after meeting PM Narendra Mo
Captain Rohit Sharma, who won the ICC trophy for India after 11 years, on Monday thanked PM Modi
ODI World Cup 2023 is being organized in India. So far this tournament has been a super hit. From
FTX, one of the world's largest crypto exchanges, applied for bankruptcy on Friday. People did no
The cases of the corona virus are increasing continuously in China. Because of this restrictions
In the third phase of Lok Sabha elections, an average of 64.58 percent voting took place on 93 se
