Tag: credit growth
Goldman Sachs forecasts shallow RBI rate cut starting March 2025, lowers India’s FY25 growth outlook to 6.4%
US investment bank Goldman Sachs has forecast that the Reserve Bank may go for only a shallow rate cut starting the March 2025 quarter and…
Govt pushes back on key RBI proposals fearing hit to credit growth
The Indian government is pushing back on two key proposals of the central bank, which will require banks to set aside more funds for infrastructure…
India to take five years to almost achieve an income feat that earlier took 75 years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman expressed optimism about India’s economic growth, projecting that per capita income will increase by $2,000 over the next five years. During…
Loans to industry, agri pick-up, while retail and services loans slow
Credit growth was flat at 15 percent in August compared to same period last year levels according to the data on sectoral deployment of bank…
Credit growth outpacing deposit growth could lead to liquidity challenges: Report
Credit growth is outpacing deposit growth, which could lead to liquidity challenges for the banking system, a report said on Tuesday. Raising deposits to keep…
Banks should focus on increasing deposits as public increasingly shifts to alternate investments: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday exhorted banks to focus on their core business and explore new ways to attract deposits, as household savings are…
personal loans: Normalcy returning to household saving behaviour: RBI Dy Guv Michael Patra
Reserve Bank Deputy Governor Michael Patra on Thursday said household saving behaviour is returning to “normalcy” now. Drawing from official data, he said there is…