Newspaper Article

Inflation to be higher in Oct, eco giving mixed signals: Das Times Nation

manufacturing were seeing robust growth but there were significant risks due to geopolitical factors, commodity prices I would not rush to say economy is slowing down I would wait The Aug rains have been a factor that has affected economic activity, there is still data coming inOn recent actions to ask some finance companies to cease, On economic outlook Das said agriculture services exports, desist from undertaking operations Das said RBI had taken action against only four out of 9400 NBFCs, action is always calibrated selective, regulated entityThe governor said following RBIs signal to banks to ensure they have enough deposits to fund their credit growth many lenders have complied but there were a few outliersDas said there was no hard data to establish that money raised by way of unsecured loans was being deployed in stock markets There is anecdotal evidence that money is going into the markets What is necessary is that the banks themselves need to also look at the end use of the unsecured loa

2024

• Publisher: Bennett, Coleman & Company Limited
• Subject: Finance companies / Governors / Inflation / Monetary policy