Banks' loan growth drops for fifth straight month in Nov
Financial Express Ahmedabad|January 02, 2025
BANKS' CREDIT GROWTH moderated for the fifth straight month in November, driven by a slowdown in unsecured and personal loan segments, data released by the Reserve Bank of India (RBI) showed.
SACHIN KUMAR

Banks' credit increased by 11.8% year-on-year in November, compared to a 16.5% rise in the same month in 2023, excluding the impact of HDFC Bank's merger with its parent, Housing Development Finance Corp, showed the latest data. Including the impact of the merger, banks' loans grew 10.6% in November, compared with nearly 21% in the year-ago period.

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Financial Express Ahmedabad

India to enter new era in 2028, says Andhra CM Naidu

SIGNALS WILLINGNESS TO WORK WITH THE US, MORE BALANCED RELATIONSHIP WITH CHINA

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Delhi court orders seizure of 'offensive' Husain paintings

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India's IT spending to rise by 11%: Gartner

WORLDWIDE IT SPENDING is projected to reach $5.61 trillion in 2025, reflecting a 9.8% increase from 2024, according to Gartner's latest forecast.

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Consumer firms pitch for steps to shore up demand

COMPANIES IN THE fast-moving consumer goods (FMCG) and retail sectors are urging the Centre to stimulate consumption through tax slab revisions and demand-boosting measures in the FY26 Budget.

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Birthright Citizenship to End, Will Impact Indian Americans

STARTING HIS SECOND term with a flurry of executive orders, US President Donald Trump has sought to revoke birthright citizenship - automatic citizenship of children born in the US to non-citizen parents.

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Analysts Remain Bullish on Zomato Despite Share Dip

Expect sustainable growth profitability in the coming years

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India wary as Trump pulls US out of Pillar 2 tax deal

PRESIDENT DONALD TRUMP, through an executive order, declared on Tuesday that the 15% minimum global corporate tax deal has \"no force or effect\" in the US, effectively pulling the country out of the 2021 pact signed by around 140 countries.

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Law ministry demands EC's response to over 20 queries

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Experts: Relax 20% pre-deposit rule for stay on I-T demand

IN A BID to free up working capital and ease the burden of businesses, tax experts have urged the government to relax the provisions of submitting a pre-deposit amount in case any business wishes to get a stay on an income tax demand, in the upcoming Budget.

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Financial Express Ahmedabad

India must be wary: Experts

CO-FOUNDER OF GLOBAL Trade Research Initiative Ajay Srivastava said that when talks happen with the US regarding tariffs on goods, India must point out the trade in digital services and defence purchases for striking a balance in trade.

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