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RBI unlikely to cut repo rate on August 8 monetary policy: Experts
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.
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Credit growth in banks continues to outpace deposits: SBI report
Updated : 1 year, 7 months ago IST
A research report by the State Bank of India (SBI) highlights the continuous upward trend in credit growth in Indian banks, which is outpacing the growth of deposits.
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"In any field, progress should be made with consideration for most margina
Updated : 1 year, 7 months ago IST
Gujarat Chief Minister Bhupendra Patel inaugurated the bank's new digital boardroom on Sunday and mentioned that in any field, progress should be made with consideration for the most marginalized members of society.
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Bloodbath on Asian indices, markets in Red amid Bank of Japan's rate hike
Updated : 1 year, 7 months ago IST
In the Asian stock markets, Japanese indices registered high losses during the early trading session on Monday.
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Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion
Updated : 1 year, 7 months ago IST
Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backed digital initiatives will underpin a tripling of Indian retail borrowing by 2030, lifting Indian households' debt to about USD 2.5 trillion or about 34 per cent of GDP.
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Indian Coast Guard, Army, IAF rescue 3 personnel stranded at waterfalls in
Updated : 1 year, 7 months ago IST
During their morning combing operation along the river banks from Mundakai to Soochipara, the ICG search team sighted three individuals stranded near the waterfalls. The presence of the survivors was immediately reported to the control centre at Mepadi.
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Tamil Nadu celebrates 'Aadi Perukku' festival today
Updated : 1 year, 7 months ago IST
Thousands of devotees thronged at the banks of the River Kaveri in Trichy to celebrate the festival of 'Aadi Perukku' on Saturday to show their gratitude to the monsoon.
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SBI records net profit of Rs 17,035 cr with increase in operating profit b
Updated : 1 year, 7 months ago IST
The operating profit for the quarter saw a more significant rise, increasing by 4.55 per cent YoY to Rs 26,449 crores. The bank's Return on Assets (ROA) and Return on Equity (ROE) stood at 1.10 per cent and 20.98 per cent respectively, underscoring the bank's efficient management and profita
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Over the last twelve months, credit offtake expanded by Rs. 20.4 lakh cror
Updated : 1 year, 7 months ago IST
The credit offtake continue to grow at the rate of 13.9 year-on-year to reach Rs. 168.1 lakh crore for the fortnight ending July 12, 2024, however, the pace of growth was slow, a Care Edge report said.
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India's working-age population to rise until 2040 amid declines in China a
Updated : 1 year, 7 months ago IST
As per ADB, Asia and the Pacific can effectively manage their demographic deficits through proactive regional migration policies and human capital investment.
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Global gold demand drops 6 pc in Q2 2024 due to slump in jewellery consump
Updated : 1 year, 7 months ago IST
The record-high gold prices took a significant toll on jewellery consumption. Volumes fell 19 per cent y/y to 391 tonnes, the lowest in four years.
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"Need to develop a positive attitude towards organ and tissue donations in
Updated : 1 year, 7 months ago IST
Organ Retrieval Banking Organisation (ORBO) which is the nodal facility for deceased organ and tissue donation activities of AIIMS New Delhi organized "Donor felicitation programme" today to pay tribute to Organ and tissue donors.
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