Consider the following statements about the banking sector's performance in FY24 and FY25:
1. Crisil forecasts a 14% credit growth for the banking sector in FY25, which is a decline from the previous year.
2. Deposit growth was projected to surpass credit growth in FY25.
3. The slowdown in credit growth in FY25 is partially attributed to the RBI's higher risk weights on unsecured loans.
Which of the statements is/are correct?
Statement 1 is correct as Crisil indeed forecasts a decline in credit growth to 14% in FY25. Statement 3 is also correct; the slowdown is attributed to higher risk weights on unsecured loans by the RBI. However, Statement 2 is incorrect; deposit growth is not projected to surpass credit growth but is lagging, which could restrain credit expansion.
Water harvesting is defined as
A form of expression of quantity of water required for irrigation to bring a crop maturity is called ______.
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The law by which company cannot make its product illegally similar to competitor’s product?
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The Scheme for promotion of Hybrid Seeds aims to increase the income of which category of farmers?
