MUMBAI: The pace of bank credit growth is slowing down, with incremental bank deposits outpacing growth in advances during the current financial year.Bank deposits stood at Rs 211.9 lakh crore as of July 26, 2024, fortnightly data released by RBI showed. Banks have added deposits of Rs 7.2 lakh crore since March 2024, which is…
MUMBAI: RBI has proposed risk-based pricing for bank deposit insurance. The reasoning is that stressed banks could face rapid deposit withdrawals through digital channels, as quick dissemination of information through social media could accelerate bank runs.“The implementation of risk-based premium for deposit insurance merits consideration. By tying insurance premiums to the level of risk posed…
Fixed deposit (FD) investors have benefited from rising interest rates over the past 1-2 years, with rates reaching their peak and remaining there for a considerable time. However, this favorable situation is not expected to continue indefinitely. Although the Reserve Bank of India (RBI) has maintained the repo rate, it is anticipated that this may…
NEW DELHI: Prime Minister Narendra Modi on Tuesday declared total assets of Rs 3.02 crore in his nomination papers, which he filed from the Varanasi Lok Sabha seat.According to the poll papers, PM Modi does not own a house or a car and has Rs 52,920 cash in hand. Additionally, he has 2.85 crore as…
