Sunday, August 16
New Delhi: The banking system in the country has recorded a robust expansion over the last two decades, with total deposits and advances rising sharply, highlighting the growing scale and depth of financial intermediation in the country, according to a report by the State Bank of India (SBI).The report noted that during the period from FY05 to FY25, bank deposits increased significantly from Rs 18.4 lakh crore to Rs 241.5 lakh crore. At the same time, bank advances rose from Rs 11.5 lakh crore to Rs 191.2 lakh crore, reflecting strong credit growth over the years.It stated, "During FY05 to FY25, Deposits increased from Rs 18.4 lakh crore to Rs 241.5 lakh crore, Advances increase from Rs 11.5 lakh crore to Rs 191.2 lakh crore".According to the report, the growth momentum in both deposits an
Israel is on high alert for the possibility of any U.S. intervention in Iran as authorities there confront the biggest anti-government protests in years, according to three Israeli sources with knowledge of the matter.President Donald Trump has repeatedly threatened to intervene in recent days and warned Iran’s rulers against using force against demonstrators. On Saturday, Trump said the U.S. stands “ready to help”.Also read: Iran protests: Khamenei urges unity, tells Trump to focus on problems in USThe sources, who were present for Israeli security consultations over the weekend, did not elaborate on what Israel’s high-alert footing meant in practice. Israel and Iran fought a 12-day war in June, in which the U.S. joined Israel in launching airstrikes.
