Credit gaps persist in MSME, agriculture sectors: RBI’s Swaminathan – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/credit-gaps-persist-in-msme-agriculture-sectors-rbis-swaminathan/article67461138.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-gaps-persist-in-msme-agriculture-sectors-rbis-swaminathan/article67461138.ece This is despite banks making considerable progress in meeting PSL targets Credit gaps persist in sectors such as MSMEs, agriculture and among

Low savings, and borrowings for consumption are red signals – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/low-savings-and-borrowings-for-consumption-are-red-signals/article67462428.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/low-savings-and-borrowings-for-consumption-are-red-signals/article67462428.ece Indians are either not spending enough or borrowing to spend. Neither bodes well for the economy The latest monthly economic report published

US growth for last qtr likely reflected consumers’ resistance to Fed hikes

https://www.business-standard.com/world-news/us-growth-for-last-qtr-likely-reflected-consumers-resistance-to-fed-hikes-123102600160_1.html lipped from: https://www.business-standard.com/world-news/us-growth-for-last-qtr-likely-reflected-consumers-resistance-to-fed-hikes-123102600160_1.html Last quarter’s robust growth, though, will probably prove to be a high-water mark for the economy before a steady slowdown beginning in

RBI plans to bar outsourcing of know-your customer compliance norms

https://www.business-standard.com/industry/banking/rbi-plans-to-bar-outsourcing-of-know-your-customer-compliance-norms-123102601343_1.html Clipped from: https://www.business-standard.com/industry/banking/rbi-plans-to-bar-outsourcing-of-know-your-customer-compliance-norms-123102601343_1.html A draft circular on Managing Risks and Code of Conduct in Outsourcing of Financial Services, released by the regulator, has stated this

Reserve Bank of India allows premature deposit withdrawal up to Rs 1 crore

https://www.business-standard.com/economy/news/reserve-bank-of-india-allows-pre-mature-deposit-withdrawal-up-to-rs-1-crore-123102601180_1.html Clipped from: https://www.business-standard.com/economy/news/reserve-bank-of-india-allows-pre-mature-deposit-withdrawal-up-to-rs-1-crore-123102601180_1.html Banks typically offer higher interest rates on non-callable deposits Listen to This Article The Reserve Bank of India (RBI) has increased the

Asian Paints Q2 result: Consolidated profit jumps 53% YoY to Rs 1,232 cr

https://www.business-standard.com/companies/results/asian-paints-q2-result-consolidated-profit-jumps-53-yoy-to-rs-1-232-cr-123102600548_1.html Clipped from: https://www.business-standard.com/companies/results/asian-paints-q2-result-consolidated-profit-jumps-53-yoy-to-rs-1-232-cr-123102600548_1.html The company announced an interim dividend of Rs 5.15 per share Listen to This Article The Asian Paints reported a jump of 53.31 per