India shares now!
Happy New Year........
Indian stock market 3 days of the stretch in succession of three days, the index species sex Sen 30 The index highs two years.:-
Increased investor confidence in the U.S. economic rise of U.S. manufacturing sentiment index for December, export software was bought brand.
30 types of sex Sen Bombay Stock Exchange was closed at 19764.78 50.54 points from the previous day's high (0.3%).
As the closing price highest since January 6, 2011.
The amount of bank lending and deposit growth slowed.
According to data from the Reserve Bank of India (central bank, RBI) was announced on March 26, (ending March 2013) the current fiscal year
Growth in lending and deposits of domestic banks slowed in the 1-3 quarter compared to the same period last year.
Lending increased by 5.7% at December 14. Was up 7.8% year-on-year. Deposits increased by 5.6%.
Was up 6.5% year-on-year.
There are executives of private bank credit growth "If growth becomes. GDP that is associated with the nominal growth rate of gross domestic product (GDP) is low,
I said "slow down the growth of deposits and credit as well naturally.
Executive said, we expect credit growth for the year is going to be 14-16%.
In the second quarter review of monetary policy, the Bank of India has revised down the expected growth of 1 percentage point in both credit and deposits,
Were respectively 16% and 14%.
Economic growth in the July-September quarter of the country has slowed from 5.5% in FY 4-6 at 5.3% compared to the same period last year.
While it is natural that the Indian economy is slowing down, money is the blood of the economy is not turning around.
It seems that up from stock expected rate cut expectations and economic reform.
It is a sight to see results or bank to recover the actual economic recovery.
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