The Chief Economic Advisor’s optimism about the future growth prospects of the economy stems from handling of the economic and health fallout of the Covid pandemic, resulting in moderate inflation increase and lower interest rates. The cleanup of bank and corporate sector balance sheets resolved previous problems, enabling banks to lend and non-food credit to grow at 13%. There has been significant development in physical, digital, and social infrastructure, including the establishment of medical colleges, management institutions, engineering colleges, and improvements in women’s enrollment in education.
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank
September 8, 2026