Getting customers to park their money in deposits remains a struggle for banks, as loan demand continues to race ahead of deposit growth. In the March quarter, HDFC Bank stood out as the sole lender to raise deposits faster than loans, a period when its p... See more
The Reserve Bank of India on Friday reduced the key interest rate by 25 basis points to 5.25% after inflation eased to a record low.
The central bank also maintained its ‘neutral’ stance, which allows it to move in either direction, according to a stateme... See more
The Reserve Bank of India (RBI) on Thursday repealed guidelines issued almost a decade ago that were meant to curb concentration risks in banks and push large borrowers to borrow from the market.
The central bank first proposed the revocation of these gui... See more
India's growth numbers surprise but not worry economists
Among the reasons why the GDP growth appears higher than forecasts is the unavailability of high-frequency indicators for services growth and private consumption, sectors that have exhibited strong ... See more
Diwali’s done—India’s spending streak isn’t
November’s strong digital spends suggest steady demand, though the data now capture more than consumption.
MUMBAI: India’s consumption engine appears to have kept humming well past the Diwali rush, with digital ... See more
