Higher spending will be funded by higher borrowing which has the potential to create an upward pressure on inflation and interest rates.
Money9 Share of Wallet survey was conducted on social media across TV9 Network's followers, with responses coming in from all parts of the country in multiple languages. A total of 16,100 participants responded to a set a multiple choice questions. The survey was conducted in January 2021.
The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014.
Create government-owned, professionally managed development finance institutions (DFIs) to finance key sectors of the economy, he said.
He, however, did not share details on the COVID-related loan restructuring for SBI, citing the silent period ahead of the results.
The amalgamation of Andhra Bank and Corporation Bank with Union Bank came into effect from April 1, 2020.
The central bank said the redress of complaints will continue to be cost-free for the customers of banks and members of public.
Low interest rates on savings accounts may not be a party spoiler as inflation rates are low too. Karan Bhasin explains how to look at nominal and real rates while planning your investments.
Has it ever happened that you that a cheque presented by you has been dishonoured by the bank? Money9 explains what is a bounced check and when can the bank dishonour your cheque. What is a dishonoured cheque? If the amount mentioned on your has been credited to your account or the cheque issued by […]