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RBI governor urges banks to monitor credit-deposit gap to avoid liquidity issues

MUMBAI, Aug 20 (Reuters) – Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the RBI (Reserve Bank of India) said on Tuesday. “Young Indians are aspirational. They get attracted to different markets. There is nothing wrong in it, it’s a natural process and a positive development,” Shaktikanta Das told local television channel NDTV Profit in an interview. “We are cautioning banks to monitor this situation carefully. There is no problem now, but it can become a structural liquidity problem in the future.” Indian banks’ loans

Supreme Court sets up doctors’ panel on workplace safety after rape, murder

NEW DELHI, Aug 20 (Reuters) – India’s Supreme Court created a hospital safety task force on Tuesday to recommend steps to ensure medical workers’ safety, days after the rape and murder of a trainee doctor caused national outrage and protests by junior doctors. The attack on Aug. 9 in the eastern city of Kolkata has triggered demands for justice for the victim and greater safety for women at hospitals, with doctors in several places refusing to see non-emergency patients. A police volunteer has been arrested for the crime and the federal police have taken over the investigation. The public anger

Rupee worst Asia performer over August despite mild rise

MUMBAI, Aug 20 (Reuters) – The Indian rupee rose slightly on Tuesday but continued to underperform its Asian peers which have rallied to multi-month highs in anticipation of a U.S. rate cut next month. The rupee is the worst performing Asian currency so far this month, down 0.2% against the dollar, while its peers have risen as much as 4%. On Tuesday, the rupee was at 83.83 as of 10:45 a.m. IST, up slightly from its close at 83.87 in the previous session. The Indian currency had slipped to a record low of 83.9725 earlier this month. Outflows from equities

“Papa, your teachings are my inspiration…” Rahul Gandhi on former PM Rajiv Gandhi’s birth anniversary

New Delhi [India], August 20 (ANI): Congress leader Rahul Gandhi on Tuesday paid tribute to his father, former Prime Minister Rajiv Gandhi on his birth anniversary and emphasised that he’ll fulfil Rajiv Gandhi’s dreams for India taking his memories with him. “A compassionate personality, an epitome of camaraderie and goodwill… Papa, your teachings are my inspiration, and your dreams for India are my own – I will fulfil them, taking your memories with me,” the Congress leader posted on X. एक करुणामय व्यक्तित्व, सौहार्द और सद्भावना के प्रतीक… पापा, आपकी सीख मेरी प्रेरणा है, और भारत के लिए आपके सपने

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