Growth in bank credit to industry eased to 7.3 per cent in September 2025, compared with 8.9 per cent in the same period a year earlier, according to Reserve Bank of India (RBI) data released on Friday.On a year-on-year basis, non-food bank credit rose 10.2 per cent as of the fortnight ended September 19, 2025,…
India’s peak power demand during Diwali this year fell slightly compared to last year, breaking the usual trend of higher electricity consumption during the festival of lights.Government data showed that the highest power supply met on Monday reached 180.14 GW, down from 182.87 GW on October 31, 2024.Typically, electricity demand spikes during Diwali as domestic…
India’s online shopping patterns are gradually becoming less dependent on the festive season, though mobiles and electronics continue to drive the September-October sales surge, according to a report by consulting firm Redseer. As per news agency PTI, the study notes that while the overall online retail sector is moving towards a more balanced, year-round demand…
The average long-term US mortgage rate declined again this week, hovering just above its lowest level for 2025, as easing Treasury yields and Federal Reserve rate expectations continued to bring relief to borrowers, according to mortgage buyer Freddie Mac.Freddie Mac said on Thursday that the average rate on a 30-year mortgage slipped to 6.27% from…
Cash continues to hold a strong grip on India’s payment landscape, accounting for nearly half of all transactions, even as digital payments surge across the country.A report by Care Edge Ratings found that cash usage in private final consumption expenditure (PFCE) remained at around 50% in Q1FY26. It said that even though digital payments have…
Indian travelers are increasingly seeking authentic experiences closer to home, with destinations like Jorhat and Varanasi topping flight searches. This trend, dubbed ‘personal travel,’ emphasizes culture, heritage, and meaningful connections over crowded tourist spots. Travelers are rediscovering India’s richness through offbeat explorations and immersive cultural encounters. The wanderlust of Indian travellers is taking a turn…
Net inflows into equity mutual funds moderated for the second consecutive month in September, standing at Rs 30,421 crore, data from the Association of Mutual Funds in India (AMFI) showed on Friday. This represents a 9 per cent decline from August’s Rs 33,430 crore and remains well below July’s record Rs 42,703 crore, PTI reported.Despite…
The all-India House Price Index (HPI), compiled by the Reserve Bank of India (RBI) using transaction-level data from 18 major cities, rose 3.6 per cent year-on-year in the first quarter of the current fiscal, the central bank said on Thursday.The RBI said the growth moderated compared with the 7.6 per cent increase in the same…
Bank credit to industry grew at a slower pace of 6.5% in August 2025, compared to 9.7% in the same month last year, according to Reserve Bank of India (RBI) data on sectoral deployment of credit released on Tuesday.The data, compiled from 41 scheduled commercial banks (SCBs) that account for nearly 95% of total non-food…