Rbi Data News Today

As per RBIs data on Indias international trade in services, the trade surplus during March 2024 was USD 13.4 billion.

The lending pattern of banks in 2023-24 saw a recovery in lending to large corporates post COVID-19 contraction. The RBI intervened to improve the quality of retail loans by assigning higher risk weights to unsecured lending, slowing their growth. Loans to the services sector grew faster at 20.2% compared to retail at 17.7% in FY2023-24. The RBI increased risk weights on unsecured consumer loans and credit cards, leading to a slowdown in unsecured loans growth to 20.8% from 26.7% a year ago.

Sales of manufacturing cos grow 27.3 pc in December quarter: RBI data : Rashtra News #Sales #manufacturing #cos #grow #December #quarter #RBI #data Aggregate sales of 1,701 listed manufacturing companies recorded a growth of 27.3 per cent in the third quarter of 2021-22 on an annual basis, aided by high sales growth in petroleum, non-ferrous

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

RBI data revealed 8.6% year-on-year industry credit growth in February 2024, up from 6.8% in February 2023. Agriculture, food processing, and vehicle loans sectors showed significant credit variations compared to the previous year.

Agricultural loans grew by 20.1%. Fresh loan rates at 9.36%. External Benchmark-based Lending Rate loans rose to 56.2%. Commercial real estate loans surged by 37.9%.

Information Technology (IT) sector witnessed further deceleration in sales growth (y-o-y) to 3.2 per cent from 5.9 per cent in the previous quarter and 19.4 per cent a year ago. Non-IT services companies remained on high growth trajectory with sales rising 12.9 per cent (y-o-y) in the 2023 December quarter over and above 19.9 per cent growth in the corresponding quarter of last year.

Carjackings and car thefts are up significantly compared with the number of incidents before the pandemic, prompting fear and calls for action in many American cities. Motor vehicle thefts increased by 29% in 2023 compared with the previous year, while carjackings slightly decreased by 5% in nearly 40 American cities, according to the Council on Criminal Justice’s most […] The post Car thefts and carjackings are up. Unreliable data makes it hard to pinpoint why. appeared first on D...

The direct tax collections outperform indirect taxes for the centre but account for less than 40 percent of India’s overall tax revenue.

RBI has been keeping liquidity tight in the banking system in tune with the “withdrawal of accommodation” monetary policy stance to ensure that inflation progressively aligns with the target while supporting growth.