Tag: credit growth

RBI report shows credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23

RBI report shows credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23

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The Reserve Bank has raised rates aggressively this year to tame inflation.  | Photo Credit: Reuters 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 momentum, […]

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Underlying economic activity continues to be strong, says RBI chief Shaktikanta Das

Underlying economic activity continues to be strong, says RBI chief Shaktikanta Das

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Reserve Bank of India Governor Shaktikanta Das. File photo | Photo Credit: PTI Reserve Bank of India Governor Shaktikanta Das on Wednesday, December 21, 2022 said underlying economic activity in India continues to be strong, but external factors will cause some “dent” to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business […]

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Explained | RBI’s concerns on slow deposit growth 

Explained | RBI’s concerns on slow deposit growth 

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The RBI logo | Photo Credit: Getty Images The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of India (RBI), met MD and CEOs of public and certain private sector banks on November 16. Acknowledging the role played by private commercial banks in […]

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Bank credit growth accelerates to 14.2% in June quarter

Bank credit growth accelerates to 14.2% in June quarter

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Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the ‘Quarterly Statistics on Deposits and Credit […]

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