
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 news of "Ya Ali" singer Zubin Garg's death shocked everyone. According to reports, Zubin Garg
Slow wind speeds and adverse weather conditions have turned Delhi into a gas chamber. The air qua
Bharatiya Kisan Sangh (BKS) will protest against the central government at Delhi's Ramlila Maidan
An attempt was made to set fire to a tent meant for Rahul Gandhi's Bharat Jodo Yatra. Some unknow
In the fourth Test match to be played between India and England from February 23 at JSCA Stadium,
China in support of anti-India Pak terrorists: Saved by vetoing for the second time in two days
For the second time in two days, China has saved a Pakistani terrorist from being declared a Glob
The United Nations has released a report saying that by 2023, India will become the most populous
G20 Summit 2023: Xi Jinping will not attend the G20 summit, this leader will represent China
G20 Summit: Chinese President Xi Jinping will not attend the G20 Summit to be held in India (G20
In the coming days, you will get a single charger for all electronic devices including smartphone
The Union Ministry of Home Affairs (MHA) has increased the security of industrialist Mukesh Amban