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According to the data provided by the Reserve Bank of India, the pace of growth of bank credit to the industrial sector slowed down to 6.1 per cent in November from 13.0 per cent in the year-ago month. The RBI said credit to the services sector grew by 21.9 per cent Y-o-Y in November 2023 as compared with 21.3 per cent a year ago. Within the services sector, the credit growth to non-banking financial companies (NBFCs) tapered down to 21.5 per cent Y-o-Y in November 2023 from 32.4 per cent a year ago. The retail loans growth decelerated to 18.6 per cent in November 2023 from 19.9 per cent a year ago due to moderation in credit growth to housing. The credit card segment grew 34.2 per cent Y-o-Y from 25.8 per cent a year ago. The other personal loans, which have substantial elements of unsecured loans, moderated at 21.7 per cent from 24.0 per cent a year ago. Credit growth to agriculture and allied activities accelerated to 18.2 per cent in November 2023 from 14.0 per cent a year ago.
_______________ has signed United Nations supported Principles for Responsible Investment (UNPRI) demonstrating its commitment towards Environment, Soci...
GST collection grew 13 percent in March to ______— the second-highest mop-up since the rollout of the indirect tax regime.
Recently SEBI imposed a penalty of Rs 1 crore on which of the followings company for misutilization of client securities.?
Under the Nasha Mukt Bharat Abhiyaan, what is the specific focus area mentioned in the MoU between the Department of Social Justice and Empowerment and ...
What is the main objective of celebrating Statistics Day on June 29 in India?
Which of the following organization gets DSCI AISS Award for ‘Best Security Practices in Government Sector’?
Consider the following statement about “Indira Gandhi Prize for Peace”.
1. It is awarded to individuals only
2. Recently, it was j...
Which of the following projects was not inaugurated during PM Modi’s visit to Mauritius?
In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) has introduced sops for large corporates (LCs), which have raised...
How much did the Centre earmark for Phase III of the PMGSY (Pradhan Mantri Gram Sadak Yojana)?