Retail lending growth slows in Q4 FY24, while bank lending to NBFCs moderates. The share of bank lending to NBFCs decreases, indicating a shift towards balanced credit practices for financial stability.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.