Mint India’s rural borrowers and small businesses owners may have easier access to credit with public sector Banks (PSBs) planning to increase financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a Banks' deposit base is being utilized for extending loans. The development may help expedite the revival of the rural economy, which is struggling to reach pre-covid...

In each of the last three years – from 2020 through 2022 – Indian Banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial Banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...

-TheConversation.com/TheWire.in With the cost-of-living crisis now at the top of the public’s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political. Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic,...

-The Hindu ‘Commercial Banks may have to raise deposit rates more to meet a surge in credit demand; while Banks have swiftly transmitted increases to lending rates, deposit rates have been laggards for most’ Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth...

-Scroll.in An Assam MP explains why he introduced the Climate Migrants (Protection and Rehabilitation) Bill in Lok Sabha. According to the Internal Displacement Monitoring Centre, nearly five million Indians were forced to leave their homes because of climate-related events in 2021. While many of these people were displaced temporarily, internal displacement due to climatic conditions stands to be a major challenge for India in the years to come. Rising water levels, according...