
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.
Prime Minister Narendra Modi's cabinet meeting is likely to be held on Monday evening at his resi
Tuesday was a very disappointing day for the Gujarat Titans. Shubman Gill-led Gujarat Titans suff
Siraj again clashed with the umpire: Match referee forgot to toss a coin
India defeated South Africa by 7 wickets in the second ODI played in Ranchi on Sunday. With this
India vs Canada issue Canada has made several allegations against India regarding the murder of K
After Imran Khan, now PTI leader Fawad Chaudhary also made fun of the judiciary, know what he said
Imran Khan's party PTI is constantly attacking the government. While pointing fingers at the gove
Draupadi Murmu will be the 15th President of the country. She is the first tribal and second woma
As much as cricket fans wait for IPL, more than they wait to see Chennai Super Kings captain Mahe
Will Nitish play this game? Tejaswi and Bihar CM are coming to Delhi on the same flight
The results of the Lok Sabha elections have come. The NDA alliance has got 292 seats. On the othe
New Delhi, JNN. Horror films have a strong fan following in India as well, which delights in bein
Mukul Roy Missing: Senior TMC leader Mukul Roy missing, the son said - unable to contact father
The family of senior Trinamool Congress (TMC) leader Mukul Roy claimed that he was missing since