The banking sector has experienced a 6.2% rise in deposits, primarily due to time deposits and a 43.3% year-on-year increase in Certificates of Deposit (CDs). With a Credit-Deposit (CD) ratio of 79.1%, banks are shifting from government investments to lending, despite RBI’s cautious regulations. The Trade Connect platform, part of India’s Foreign Trade Policy 2023, aims to enhance MSME exports, targeting $2 trillion by 2030. National Insurance Company Ltd (NIC) expects profits of ₹100-200 crore for FY 2024-25, focusing on profitable segments and diversifying into fire and home insurance. Additionally, the RBI’s Unified Lending Interface (ULI) aims to simplify credit processes for rural borrowers and sectors like agriculture and MSMEs, promoting financial inclusion
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