Loan growth is likely to stay sluggish this yr due to weak demand & cautious approach on unsecured lending. Going forward, gap between credit growth & deposit growth is likely to shrink.
Sales revenue of manufacturing firms saw weak growth in September quarter. Rural demand indicators performed better than urban. Capex must rapidly pick up in 2nd half of the fiscal.
To avoid high credit-deposit ratios, banks need to maintain healthy deposit base — a difficult task considering the competition they face from MFs & physical assets like gold, real estate.
Unhindered growth in lending has been associated with financial crisis, but monitoring a simple metric like credit-to-GDP gap could help identify early indications of an impending crisis.
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.
Prime Database showed banks have raised over 3.51 trillion rupees through certificate of deposits in April-October, 22% higher than the 2.87 rupees raised in 2021-2022.
ISKCON has done exactly what one would expect of it. It has never hidden its commitment to vegetarian food. But a government has no business following the dietary beliefs of the institution it hires.
Draft framework released by RBI puts responsibility for AI-driven decisions squarely with the board, holds lenders accountable for the outcomes of every model they use.
The French government is expected to send in their response to India’s Letter of Request in September, the time by which they are obligated to respond.
Sacco’s ‘reporting’ is incredibly granular but there are areas where he can be faulted. Don’t let this undermine where his true focus is, in showing how local disputes led to riots.
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