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Economists anticipate the Reserve Bank of India (RBI) to maintain policy rates next week, despite potential for cuts, due to uncertainties from US tariffs and GST impacts. While some advocate for proactive rate cuts given low inflation, the majority prefers retaining options, awaiting clearer signs of economic slowdown and assessing the effects of recent GST reductions on inflation and growth.
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News and Media
Non-bank lenders are increasing their hold on the personal loan market. Data shows NBFCs' share in new personal loans has risen significantly. This growth is driven by fintech companies. Meanwhile, banks' share has decreased. The personal loan market is now over fifteen lakh crore rupees. NBFCs are more flexible, attracting borrowers banks might overlook.
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News and Media
Finance Minister Nirmala Sitharaman urged financial institutions to maintain strong balance sheets to fund infrastructure, industry, and MSMEs, while partnering with NBFCs to reach underserved sectors. She highlighted the increasing demand for credit and innovative financial products as India's economy grows.
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News and Media
Global debt surged to a record $337.7 trillion in the second quarter, fueled by easing financial conditions and a weaker U.S. dollar. China, France, the U.S., and other major economies saw the largest increases. Emerging markets face rising debt-to-GDP ratios and significant bond redemptions, while concerns grow over the U.S.'s increasing reliance on short-term borrowing.
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News and Media
Nicolas Sarkozy, the former French president, has been sentenced to five years in prison for illegal campaign financing involving Libya, with the court ordering incarceration even during his appeal. While convicted of criminal association related to seeking Libyan funds, he was acquitted of other charges.
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News and Media
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