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Bank credit grows by 14.19 per cent, deposits by 10.60 per cent: RBI data

Bank credit rose by 14.19 percent to Rs 96.45 lakh crore while deposits grew 10.60 percent to Rs 125.30 lakh crore in the first fortnight ended on April 12, according to recent RBI data. In the year-ago fortnight, deposits were at Rs 113.29 lakh crore and advances stood at Rs 84.46 lakh crore.
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Wise launches low cost and fast international money transfers from India

Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. Pick 5 of your favourite companies. Get a daily email with all the news updates on them. Track the industry of your choice with a daily newsletter specific to that industry. Stay on top of your investments. Track stock prices in your portfolio. NOTE : The monthly duration product is an auto renewal based product. Once subscribed, subject to your c...
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India Inc's outward FDI halves to $1.93 billion in March

India Incs outward FDI halves to $1.93 billion in March SECTIONS Last Updated: Apr 15, 2021, 04:48 PM IST Share Synopsis Of the total investment committed by the Indian investors in their foreign joint ventures/wholly owned subsidiaries in March this year, USD 1.15 billion was in the form of issuance of guarantees. Domestic firms had invested USD 3.86 billion as outward foreign direct investment (OFDI) in the year-ago month of March 2020. India Incs outward foreign direct investment in March 20...
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India Inc's overseas direct investment declines 31% to $1.85 bn in Feb

India Incs overseas direct investment declines 31% to $1.85 bn in Feb RBI said the data is provisional and is subject to change based on online reporting by the banks.Premium 1 min read . Updated: 07 Mar 2021, 03:22 PM IST PTI Of the total investment made by Indian firms in foreign markets, $1.36 billion was in the form of loan, $297.37 million comprised as equity investment and the rest of $183.82 million was by way of issuance of guarantee, according to the RBI data Share Via Read Full Stor...
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IT sector sales up 5.2% in 3rd quarter of 2020-21: RBI data

IT sector sales up 5.2% in 3rd quarter of 2020-21: RBI data Premium . Updated: 05 Mar 2021, 07:19 PM IST PTI Information technology (IT) sector remained in positive terrain throughout the Covid-19 pandemic period and their sales increased by 5.2% (Y-o-Y) in Q3:2020-21, the RBI said Share Via Read Full Story MUMBAI : Information technology (IT) sector remained in the positive terrain throughout the COVID-19 pandemic period and its sales increased by 5.2% year-on-year in the third quarter of 20...
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