The minister also emphasises the need for the World Bank to adopt a data-driven, evidence-based approach in preparing global indices and country comparisons
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Crisil Ratings says that the net interest margins (NIM) compression and uptick in credit costs likely to weigh on profitability
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According to the report, the corporate bond market is facing a different scenario, with the yield curve showing inversion due to pressures from the credit-deposit ratio
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The latest fortnightly data of the Reserve Bank of India (RBI) shows that credit growth continues to outpace deposit growth
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According to RBI Governor Shaktikanta Das, growth for the fiscal year will be supported by robust quarterly performances
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Das also highlighted a shift in the RBI's monetary policy stance, moving to a neutral approach
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The RBI will also find comfort in the fact that growth in unsecured lending has slowed, says CareEdge Ratings
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The report suggests that while a rate cut is likely on the horizon in the coming months, the RBI will carefully consider several global and domestic factors before making any decisions
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