New banking rules starting April 1 will empower lenders to boost credit by an estimated 7 percent. Banks can now use their existing liquidity for loans, increasing lending capacity. This shift is expected to benefit public sector banks significantly. Analysts believe this will ease concerns about lending growth constraints. Credit expansion may soon outpace deposit growth.
Gold steadies as traders await US jobs data, monitor Mideast tensions
Gold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This economic data is