Bank of India

RBI Slashes GDP Growth Projection Again, Goes From 7.8 To 7.2 Percent!

During today’s press conference after the Monetary Policy Committee meeting, RBI governor Shaktikanta Das once again lowered the projected growth rate for the financial year…

Pandemic Pulls Down Incomes And Consumer Confidence

Improvements in the Labour Force Participation Rate and Employment Rate have been observed after the COVID second wave subsided, but job quality has gone down…

Credit Demand Shrinks To 3.6% In Q1 from 42.6%, Hit Hard By COVID 2nd Wave

The latest RBI quarterly Bank Lending Survey (BLS) revealed that the overall loan demand for all sectors shrank from 42.9% (in Q4 2020-21) to 3.6%…

In 3 Months HDFC Loses More Than A Quarter Of Its Amount Of Transactions On Credit Cards

In January 2021, SBI had 1,16,41,581 outstanding credits cards at the end of the month. This number rose to 1,19,57,378 in May 2021. This is…

In Pandemic Year, HDFC Pips SBI On Credit Card Use

In January 2020, SBI had 1,02,37,289 outstanding credits cards at the end of the month. This number rose to 1,16,41,581 in January 2021. This is…

Indian Economy Showing Signs Of Recovery From Slowdown

Many reports have emerged about the Indian economy wriggling out of the economic slowdown caused by the pandemic and lockdown. Recently, the Reserve Bank of…

Pandemic Boost To China’s Industry: GDP Growth Accelerates To 4.9%

China, once the epicentre of the novel Coronavirus outbreak, has become the first major economy to recover from the COVID-19 pandemic. The lockdown to prevent…

India’s GDP Growth Slips Back To 2017 Level

After the World Bank, now the Reserve Bank has said that the country's economy is expected to shrink by 9.5 per cent in FY 2020-21.…

Rs 38 Lakh Crore Economic Loss, Per Capita Income Contracts By 20% During Lockdown: SBI

In the latest report, the State Bank of India, the country's largest bank, has estimated that the economy of the country could suffer a loss…

RBI Extends Loan Moratorium Until August 31, Cuts Repo Rate By 40 Bps

In his third such address since the Lockdown began, Reserve Bank of India Governor Shaktikanta Das on Friday extended the moratorium on term loans by…