BUDGET 2022 India has been one of the biggest beneficiaries of FII money over the past one and half years. Rate hikes could trigger an outflow for greener pastures. After having a dream run over the past one and half years, markets across the world are now showing signs of nervousness. While the US Federal […]
Transaction of Indian Rupees in a Bank “Credit is a necessary and probably most important ingredient for economic growth”, a former deputy governor of RBI had said, estimating that the multiplier effect of credit on nominal gross domestic product growth is 1.6 times. This reflects the vitality of ensuring a sound and consistent growth of […]
Annual Budget of India 2022-23 Annual budget, which is the biggest economic event of the country, will be keenly watched this time too; wish list is ready from industry to salaried class If the last year’s budget is any reference point of the government’s intention, then we could expect a growth oriented budget this time too. But the […]
Unlike its global peers rushing in to end the easy monetary policy, the Reserve Bank of India (RBI) may not be inclined to raise interest rates to stem inflationary pressures just when the nascent economic recovery is under threat from the Omicron variant of Coronavirus. Both the government (whose aim is to boost growth) and the RBI (whose primary job is to rein […]
The Gross Non-Performing Assets (GNPA) of Scheduled Commercial Banks (SCB) has dropped to 6.9 per cent by September 2021 end, which was 7.3 per cent as of March 2021. Bad debts set to rise up to 8.1 per cent by September 2022 under the baseline scenario and to 9.5 per cent under a severe stress scenario. The Gross Non-Performing Assets (GNPA) reported by the Scheduled Commercial Banks (SCB) has […]