RBI surveyors peg GDP at 4.8% in 2013-14

Reserve Bank-sponsored professional forecasters on Monday scaled down India's growth projection to 4.8 per cent for the current fiscal from 5.7 per cent estimated earlier. In its Macroeconomic......

Pvt sector banks increase share, deposits a worry

Private sector banks gained market share over their public sector counterparts during the year up to October 8. According to the latest data by the Reserve Bank of India (RBI), private and foreign......

Growth forecast falls to 6 pc in RBI survey

Professional forecasters have added to Reserve Bank of India Governor Duvvurri Subbarao's dilemma on timing the exit from an accommodative monetary policy stance. A median forecast released by RBI......

Bank credit growth down on risk aversion

The Reserve Bank of India said the deceleration in growth in advances was due to the risk-aversion strategy adopted by banks, along with other factors like the slowdown in economic activity and the......