RBI's Financial Stability Report & Report on Trend & Progress of Banking in India show growing inter-connectedness between banks and non-bank financial companies could pose systemic risk concerns.
During first nine months of this fiscal, personal loans and services sector drove up credit growth, shows Bank of Baroda report. However, manufacturing sector is lagging behind.
Under the proposed DEPA, Indians who have no access to formal credit due to lack of collateral will be able to apply for loans using several types of digital documents.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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