Axis Bank economists see RBI holding rates on Friday
"(We se) growth-inflation trade-off" said Saugata Bhattachrya, chief economist at Axis Bank. "There will be focus on ( liquidity) normalisation" With inflation achieved and good progress on its way, a late 2021 taper may be on the way later , said an Axis report.
Banks, NBFCs report jump in advances in September quarterHDFC Bank saw its advances book grow by around 15.4% year on year at the end of the September quarter, proforma numbers released by the private sector lender showed. Its total loans aggregated to Rs 11.98 lakh crore at the end of September, up 4.4% sequentially. It’s total loans were at Rs 10.38 lakh crore at the end of September 2020.
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