Question
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?Solution
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.
__________ and PhonePe have collaborated to provide a range of inclusive car and bike insurance products directly to users through the PhonePe platform....
Where in India the Kisan Bhawan and Beekeepers Conference has been inaugurated?
Anwar Ibrahim has become the prime minister of which country?
Why has the docking of Chinese naval vessels at the Ream Naval Base in Cambodia raised concerns, and what is the controversy surrounding the base?
What is the capital of Namibia?
What was the focus of the 2024 Kautilya Economic Conclave?
What does the recent data on India’s mineral imports indicate about the trends in mineral import values and volumes?
What is the main purpose of the 'Social Security Agreement' signed between India and Argentina?
- In which year was the export ban on broken rice imposed by the Indian government?
As per World Gold Council data, which country’s central bank is the largest buyer of gold?
Relevant for Exams:
