Poging GOUD - Vrij
Tax, interest rate cuts to pump up consumption, credit: SBI
Mint Bangalore
|November 05, 2025
widely seen to increase the flow of credit.
-
SBI chairman Challa Sreenivasulu Setty.
(PTI)
In 2025, the central bank's monetary policy committee (MPC) has reduced the repo rate by 100 basis points across three meetings.
In September, the GST Council introduced a sweeping rationalization of the indirect tax regime, bringing down prices of a wide range of items. A day later, Union finance minister Nirmala Sitharaman said she expects a surge in consumption to follow, and that increased purchases of goods and services will likely make up for the impact of lower tax rate on revenue receipts this year itself.
For the September quarter, SBI reported a year-on-year loan growth of nearly 13% to Rs 44.19 trillion. Sequentially, it was up by almost 4%.
The bank reported a 12.3% YoY growth in domestic advances. Including loans from foreign offices, loan growth was at 12.7% and the aggregate loan book stood at ₹44.2 trillion. Corporate loans grew 7% and retail loans were up 14% in the three months through September.
Dit verhaal komt uit de November 05, 2025-editie van Mint Bangalore.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Bangalore
Mint Bangalore
Centre to roll over electric bus and truck incentives to FY27
The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.
1 mins
November 15, 2025
Mint Bangalore
Oct WPI slows to 27-month low amid food price decline
India’s wholesale inflation fell to a 27-month low in October on the back of record low food prices, provisional data from the ministry of commerce and industry showed on Friday.
2 mins
November 15, 2025
Mint Bangalore
US tariff-hit exporters get relief from RBI
In a relief to tariff-hit export-oriented sectors and their lenders, the Reserve Bank of India (RBI) on Friday announced several measures to ease their access to working capital, enable higher borrowing limits, and defer loan repayments until the end of the calendar year.
1 min
November 15, 2025
Mint Bangalore
Relief on specialty steel likely
Govt plans to temporarily suspend strict quality-control rules for importing 55 products to address supply gaps
3 mins
November 15, 2025
Mint Bangalore
Nitish Kumar to rule Bihar, again
Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered
5 mins
November 15, 2025
Mint Bangalore
Wakefit boosts listing size, seeks pre-IPO fundraise
Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.
1 mins
November 15, 2025
Mint Bangalore
Sebi to revamp settlement rules, curb penalties
India’s capital markets regulator has initiated a review of its rules on case settlement to simplify calculations and address concerns on stringent conditions and inflated penalties, three people familiar with the matter said.
1 mins
November 15, 2025
Mint Bangalore
The bespoke tailor to the stars
Meet Madhav Agasti, the self-taught designer who has created costumes for heroes and villains for 50 years
5 mins
November 15, 2025
Mint Bangalore
Celebrating craft in all its forms
When the Mumbai store of Moonray, a four-year-old ready-to-wear label started by Karishma Swali and her daughter, Avantika, shut down a few months ago, it seemed like it would cease to exist. But last week, the same address in the cultural district of Kala Ghoda opened the doors to Chorus, a brand by the mother-daughter duo that expands the Moonray universe to include ready-to-wear, couture, skincare, and a café with craft at the centre.
4 mins
November 15, 2025
Mint Bangalore
Revenue climbs as Marico adjusts to GST rate changes
Homegrown packaged goods company Marico Ltd said the revised goods and services tax (GST) rate cuts introduced in September led to a temporary disruption in trade channels, resulting in destocking at the end of the quarter. Demand trends, however, remained steady in July and August.
1 mins
November 15, 2025
Listen
Translate
Change font size