-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...
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Explained: RBI’s concerns on slow deposit growth -Saptaparno Ghosh
-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...
More »India’s Urban Infrastructure Needs to Cross $840 Billion Over Next 15 Years: New World Bank Report -
-Press release by World Bank dated November 14, 2022 NEW DELHI: A new World Bank report estimates that India will need to invest $840 billion over the next 15 years—or an average of $55 billion per annum—into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population. The report, titled “Financing India’s Urban Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action” underlines the...
More »MSMEs drive growth in bank credit to industry
-Financial Express The credit outstanding to industry stood at Rs 32.4 trillion as of September 23, according to the data. The banking sector lending to industry has picked up, led by disbursals to the micro, small and medium enterprises (MSME) sector. Bank credit to industry improved 12.6% year-on-year in September, compared to a muted 1.7% growth in the same month last year, data released by the Reserve Bank of India (RBI) showed. Banks’...
More »MSMEs have shown resilience in the face of steep challenges -V Anantha Nageswaran and Gurvinder Kaur
-Livemint.com Public support measures helped India’s small businesses survive the pandemic better than feared The robust recovery of India’s economy from the profound shock of the covid pandemic has expectedly triggered debates about the nature of this recovery. While our economic recovery, as reflected in various supply and demand indicators, is acknowledged by many unbiased observers, an examination of its inclusivity is necessary. As an immediate response to the pandemic, the government put...
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