In the financial year 2023, all scheduled commercial banks registered the highest absolute growth in deposits and credit since 1951-52. Deposits grew by Rs 15.7 lakh crore and credit by Rs 17.8 lakh crore, pushing the incremental credit-deposit ratio to 113 per cent
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The surge highlights a notable shift in investor sentiment and renewed enthusiasm for mutual fund investments across various schemes
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The meeting will also cover initiatives for micro, small and medium enterprises (MSMEs), performance under government schemes, recent interventions, and any pending issues that require attention
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As the banking sector struggles to keep deposits’ pace in line with credit growth, state-owned lender Canara Bank remains confident about mobilising deposits and improving its NIM
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One should continue investing through SIPs and also timely rebalance portfolios according to the asset allocation plan in consultation with one's financial advisor
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Belated ITR can be filed similar to regular ITR, before 31st December, but penalties will be applicable
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Income generated by assets (land, shares, mutual funds etc.) bought under your spouse or child’s name need to be declared by you as well
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Prioritise debts based on high interest rates, outstanding balances, or creditor terms so you free up more cash in the later months where the cash crunch is higher
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