Page 17 - Sanjay Mathur News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BusinessWorld May 6, 2021 | 12:34 am The consumer price index rose 4.5% year on year in April. — PHILIPPINE STAR/ MICHAEL VARCAS INFLATION remained stable in April, while core inflation eased to a five-month low, leading economists to expect the central bank to keep rates on hold at next week’s policy-setting meeting. Preliminary data from the Philippine Statistics Authority released on Wednesday showed the consumer price index rose by 4.5% year on year last month, unchanged from March but faster than 2.2% in April 2020. This as price increases for food staples such as ri...

MANILA, Philippines — Credit growth in the Philippines and five other emerging economies in Asia is likely to remain depressed over the next 12 to 18 months amid weak demand and the risk-averse stance of banks due to the COVID-19 pandemic, according to ANZ Research. Sanjay Mathur, chief economist for Southeast Asia and India at ANZ, said banks have been tight-fisted on concerns over asset quality, durability of regulatory forbearance, and weak...

SHARE Indian bank credit growth hit a record low in fiscal 2020-21 and is expected to languish near those levels this year as a massive surge of Cvoid-19 infections risks denting India's economic recovery and forces lenders to turn cautious again. Credit growth touched a record low of 5.6 per cent in financial year 2021, recently released Reserve Bank of India (RBI) data showed, and it slipped even further in April. "We were estimating credit growth of 8-9 per cent for this financial year, but due to the rise in Covid-19 cases, a higher mortality rate and lockdowns in several parts of the cou...

IndiaIndia’s credit growth may dip further after touching record low Swati BhatNupur Anand 3 minute read Commuters walk past a bank sign along a road in New Delhi, India November 25, 2015. REUTERS/Anindito Mukherjee/File Photo Indian bank credit growth hit a record low in fiscal 2020-21 and is expected to languish near those levels this year as a massive surge of COVID-19 infections risks denting India’s economic recovery and forces lenders to turn cautious again. Credit growth touched a record low of 5.6% in financial year 2021, recently released Reserve Bank of India (RBI) data sh...

Risk-averse savers, however, have continued to park funds in term deposits with banks Indian bank credit growth hit a record low in fiscal 2020-21 and is expected to languish near those levels this year as a massive surge of COVID-19 infections risks denting India's economic recovery and forces lenders to turn cautious again. Credit growth touched a record low of 5.6 per cent in financial year 2021, recently released Reserve Bank of India (RBI) data showed, and it slipped even further in April. "We were estimating credit growth of 8-9 per cent for this financial year, but due to the rise in C...