[ad_1] Against the ongoing trend, scheduled commercial banks mobilised about four times more in deposits than the credit disbursed in the fortnight ended November 4. While the hard push at branches and aggressive deposit rate hikes are bearing fruit, such a wide gap appears to be an outlier and needs further scrutiny, said bankers. […]
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[ad_1] Amid a decade-high credit growth, the short-term market borrowings of banks have surged 100 per cent, so far, in the current financial year as lenders seek avenues to fund the accelerated pace of loan demand. According to the latest data released by the Reserve Bank of India (RBI), borrowings by banks increased to Rs […]
Read More[ad_1] India is considering a proposal to reduce treasury-bill sales next quarter as short-term borrowing costs surge, people with knowledge of the matter said. The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter, the people, asking not to be […]
Read More[ad_1] The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined by $1.1 billion to $529.99 billion in the week ended November 4, latest data released by the central bank showed. The data released last week showed that in the week ended October 28, the RBI’s reserves had risen by $6.6 billion, […]
Read More[ad_1] The Reserve Bank of India’s (RBI’s) pilot project for its Central Bank Digital Currency trades in sovereign bonds has gained steam, with volumes registering an almost double-fold increase so far this week. The RBI launched the pilot for trading in the secondary market for government bonds using its CBDC – or […]
Read More[ad_1] The Centre’s fiscal deficit for the first half (H1) of the current fiscal year (April-September of FY23) came in at Rs 6.20 trillion, or 37.3 per cent of the full-year Budget Estimate (BE) of Rs 16.6 trillion, according to the data released by the Controller General of Accounts (CGA) on Monday. […]
Read More[ad_1] Reflecting the surge in demand during the festive season and economic upturn, credit off-take across all sectors — farming, industry, services and retail — remained robust in September 2022 compared to the same period a year ago. The pace of retail credit — demand from households and individuals — was 19.6 […]
Read More[ad_1] The Reserve Bank of India’s (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat. Taking to Twitter, RBI Governor, Shaktikanta Das wrote: “RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my colleagues in RBI.” [ad_2] […]
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