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K C Chakraborty News
Bank deposits, loan growth fall after year-end rush
The sharp year-end increase in deposits and advances of scheduled commercial banks reversed to some extent in the first week of this month, revealing the artificial boost given to meet annual targets. Bank deposits that had risen by Rs 2 lakh crore towards the end of March dropped by about Rs 17,000 crore, dragging the annual rate of growth from 17 per cent to 14 per cent in the first week of the new
The sharp year-end increase in deposits and advances of scheduled commercial banks reversed to some extent in the first week of this month, revealing the artificial boost given to meet annual targets. Bank deposits that had risen by Rs 2 lakh crore towards the end of March dropped by about Rs 17,000 crore, dragging the annual rate of growth from 17 per cent to 14 per cent in the first week of the new
Bond yields may remain range-bound
The yield on government bonds may move in narrow band as dealers look for cues from industrial sector growth data for August.
The yield on government bonds may move in narrow band as dealers look for cues from industrial sector growth data for August.
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