Healthy credit-deposit ratio neededState Bank of India and other public sector lenders are urging the government to allow incentives to boost deposits, addressing a slump in ...
SBI, other public sector banks suggest steps to boost depositsBanks' deposit growth in FY24 was well below the rise in credit, forcing them to meet the funding gap through higher-cost Certificates of D...
Data correction: India's per capita disposable income put at ₹2.14 LIndia's per capita disposable income is projected to reach ₹2.14 lakh in 2023-24. The government corrected the GDP data, revealing changes ...
Cash may still be king despite pick up in digital transactionsThe precautionary behaviour in cash usage is also evident from the excess financial savings of households, which rose to 15.5 per cent of t...
Demonetisation: All cost and little benefitDemonetisation would never have hit illicit wealth held as real estate, shares, gold, silver and foreign currency.
Cash still the king. Cash savings highest in a decadeHousehold savings in cash and currency has surged to 2.8% of national income, the highest in almost a decade.
RBI may opt for status quo in next policy: SBI reportThe Monetary Policy Committee of the Reserve Bank reduced the key interest rate (repo) by 25 basis points to 6 per cent in August.
Household savings get a DeMo boostContrary to popular perception, household savings in deposits were up 52 per cent from 4.8 per cent a year ago.
Mutual Funds, debentures score over conventional options for savingsGranular data on financial savings indicate a shift away from deposits, which still account for almost half of financial savings, to stocks...
Households veer away from deposits towards equities and mutual fundsPreliminary estimates by the Reserve Bank of India in its Annual report for 2015-16 showed that the household net financial saving rate inc...
Output growth likely to improve in FY17: RBI surveyThe long-term real GVA growth expectations remained unchanged at 8.3% in the current round compared to the previous round.
Why Indians are shifting from physical to financial assets, and why this bodes well for economyThe greed for gold in the world’s largest market is abating. Real estate hungry Indians are doing a rethink.
Retail inflation may rise to 5.5% in Q4: SurveyThe forecasters expect core CPI (defined as excluding food and fuel) inflation to remain at around 5 per cent till second quarter of 2016-1...
RBI sponsored survey expects economy to grow by 7.8% in FY16The combined GFD of Central and State Governments is projected at 6.5 per cent of GDP in 2015-16 and is expected to improve to 6.2 per cent...
Budget 2015 may propose significant changes in income tax and corporate tax structures, boost savingsPersonal income tax and corporate tax structures could see a significant revamp, leaving more money in the hands of individuals and with co...