Deposit mobilisation by banks saw a rise of 10.4% year-on-year till June 13. This growth surpassed the credit expansion of 9.6%. Consequently, the credit-deposit ratio for banks declined. Fixed deposit mobilisation increased due to expectations of deposit rate cuts. Reserve Bank of India reduced the repo rate. Banks’ credit grew 9.6% year-on-year as of June 13.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026