India's fiscal deficit widens amid strong banking growth
pre-market1 source ↓written by the desknot a recommendation
- in September
- ₹5,981.53 billion
- deposit growth
- 9.9%
India's fiscal deficit reached ₹5,981.53 billion in September, driven by increased government spending on infrastructure and social programs. Despite this, the banking sector shows resilience with loan growth at 11.4% year-on-year, outpacing deposit growth of 9.9%. This dynamic sets the stage for a busy earnings season ahead.
Not investment advice. For informational purposes only.