Page 4 - Rbi Data News Today

Indian banking system liquidity slipped into a deficit for the first time since end-March, as the Reserve Bank of India's (RBI) temporary liquidity withdrawal and tax outflows impacted banks' funding, traders said.

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RBIs Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022.

The reserves rose by $12.74 billion from the week earlier, the biggest gain in four months. Reserves had risen by a total of $3.08 billion in the prior two weeks.

Reserve Bank of India’s June Financial Stability Report released last week highlights that the profitability of scheduled commercial banks (SCBs) continued to improve in FY23.

Indias external debt rose marginally to USD 624.7 billion annually at end-March 2023, although the debt-GDP ratio declined, as per a Reserve Bank data released on Friday. The external debt rose by USD 5.6 billion from USD 619.1 billion at end-March 2022.

As per the RBI data, more people are borrowing money to buy SUVs than houses. Vehicle loans have increased by 137% in three years as against a 47% rise in home loans, which have seen a decline in share from 52% pre-pandemic. Analysts believe the trend may continue due to the ticket size and aspirations of Indians.

India's current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the

RBI: The net profit margin of the manufacturing sector declined to 8.7 percent in 2022-23, against 10.6 percent in 2021-22

Within the household sector, individuals accounted for 52.8 per cent share in total deposits. More than a half of households’ deposits during 2022-23 came from five states, namely, Maharashtra, Uttar Pradesh, NCT of Delhi, Karnataka and West Bengal.