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15 MAR 2020
The steel industry’s production and consumption grew by 18.1% and 11.4%, respectively, on a year-on-year (y-o-y) basis in FY22.
The gross banking credit growth registered a more than double rise year-on-year (y-o-y) to reach 9.6% in March 2022.
Non-Life Insurance Continues to Grow in May, Share of Motor Segment Rises.
After an abysmal FY21, the Indian hospitality sector made a steady recovery in FY22 as successful vaccination drives and reduction in Covid cases have helped improve travel sentiment.
The automobile industry’s domestic sales grew 6.9% sequentially in May 2022 as the reduction in excise duty on fuels improved demand sentiment.
Bank Credit Sees Double-Digit Growth – Shows Consistent Improvement
Indian Healthcare Industry to Surpass USD 130 billion by FY24
Group Single Premiums Continue to Boost Life Insurance in May
The positive momentum in credit offtake since the end of August 2021 ensured the credit growth stood at 9.6 percent in FY22, higher than the 5.6 percent growth seen at the end of FY21.
The Reserve Bank ofIndia has issued a circular to tighten the provisioning norms of standardassets for large NBFCs in a bid to harmonise the same with banks.