-Moneycontrol.com Globally, central Banks have been increasing interest rates to fight inflation. The global economy will bear the brunt of past monetary policy actions in 2023, the Reserve Bank of India (RBI) monthly bulletin said on December 20. "Emerging market economies (EMEs) appear even more vulnerable, having battled currency depreciations and capital outflows in addition to slowing growth and high inflation," Bulletin said. Globally, central Banks have been increasing interest rates to fight inflation. RBI...

-The Hindu Business Line MSMEs face a credit gap of ₹25 lakh crore as formal lenders meet less than 15 per cent of the sector’s requirements Quarterly MSME loan disbursements have increased over two-fold in the last two years, but the approval rate for medium-risk MSMEs has seen no improvement — a reflection of the lender’s low risk appetite, according to venture capital firm BLinC Invest. The increase in disbursements has been made...

-The Hindu Business Line Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman Scheduled commercial Banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed. In response to two separate questions on the issue, the Ministry presented data on write-off and recovery. “As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an...

-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial Banks and points towards the poor credit delivery capability of cooperative Banks and regional rural Banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...

-Deccan Chronicle Mumbai: The Reserve Bank Of India is concerned about the slow deposit growth and how Banks would support double-digit credit growth amidst tightening liquidity. The issue was discussed on Wednesday when RBI governor Shaktikanta Das met managing directors and chief executive officers of public sector Banks and key private sector Banks. A banker who attended the meeting said, "It was a routine meeting that takes place half yearly. We discussed...