Slowdown in credit offtake is an indication of a “ We believe though the sharp decline in credit flow to commercial sector do indicate heightened risk aversion in the system”, said S K Ghosh, group chief economist, SBI in a note.
ET explains the role of deposit insurance in India in such a situation.
The current limit for deposit cover in case of a bank failure to repay depositors of Rs one lakh per depositor was last revised in 1993.
Borrowing cost for old borrowers rose 7 basis points despite 110 bps rate cut between February & September.
Co-operative banks cater to a larger swathe of population & yet largely escape active supervision of RBI.
States have to balance aspirational policy choices against two major operating constraints: generating adequate revenue within the Legislative Framework and adhering to Fiscal Responsibility Legislations (FRLs).
The current account deficit for the quarter ended June 2019, amounted to $14.3 billion, compared to $15.8 billion during the June 2018, quarter.
NBFC lending has dipped last September after the crisis at infra-lender IL& FS was unearthed.
A strong netting system generally gives rise to a thriving derivatives market.
Objective of monetary policy is to maintain price stability keeping in mind growth, says Das.
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