🗞️ Bank Deposits Hit Decade-High Growth as NRI Dollar Inflows Surge
India’s bank deposits recorded their strongest growth in a decade as NRI dollar inflows crossed US$37 billion.
The surge strengthens bank liquidity and gives lenders a larger deposit base to support credit growth. It also shows the impact of recent RBI measures aimed at attracting foreign currency into India.
💬 Expert Take — “Strong deposit growth is important because banks need stable funding to sustain credit expansion. NRI inflows are simultaneously supporting banking liquidity and India’s external position.”
🗞️ India Targets US$1 Trillion in Exports
India recorded 15% export growth in the first four months of the financial year, with the government now targeting US$1 trillion in exports for the year.
The strong start signals resilience across merchandise and services exports despite an uncertain global trade environment. Sustaining this momentum would strengthen foreign exchange earnings and India’s position in global supply chains.
💬 Expert Take — “A US$1 trillion export milestone would be significant, but the composition matters. Higher-value manufacturing and services exports can provide a more durable boost to growth than commodity-led gains alone.”
🗞️ Trade Deficit Widens to US$31.98 Billion
India’s trade deficit widened to US$31.98 billion in July from US$30.43 billion in June.
The increase highlights continuing pressure from imports even as exports remain strong. A persistently wider deficit can influence the rupee, current account balance, and the RBI’s external-sector strategy.
🗞️ SBI Uses AI to Underwrite US$11.32 Billion in MSME Loans
State Bank of India used AI-powered underwriting for nearly US$11.32 billion worth of MSME loans in FY26.
The deployment demonstrates how artificial intelligence is moving beyond customer service into core banking functions such as credit assessment, potentially improving turnaround times and expanding access to formal finance.
🗞️ RBI Proposes More Standardised Loan Pricing Rules
The RBI has invited public comments on draft rules aimed at standardising how lenders determine interest rates.
The proposals could make loan pricing more transparent and comparable for borrowers while improving consistency across banks and other regulated lenders.
🗞️ Festive Hiring Could Rise 15–20%
India’s festive-season hiring is expected to increase 15–20%, with frontline jobs becoming increasingly specialised.
Higher hiring demand across retail, logistics, e-commerce and consumer-facing industries can offer an early signal of business confidence ahead of the festive consumption cycle.
🗞️ National AI Skilling Programme Crosses 60,000 Enrolments
India’s National AI Skilling Initiative recorded 60,253 enrolments in Phase I, supported by an industry-focused curriculum developed with private-sector partners.
The programme aims to address India’s growing demand for AI-ready talent as adoption accelerates across technology, banking, manufacturing and services.
🗞️ Digital Public Services Expand Through UMANG & DigiLocker
The government is expanding citizen-centric digital services through platforms such as UMANG and DigiLocker.
Greater digitalisation can reduce paperwork, improve access to public services and strengthen India’s broader Digital Public Infrastructure ecosystem.
🗞️ PM E-DRIVE Supports 88,209 EVs in Madhya Pradesh
A total of 88,209 electric vehicles were subsidised in Madhya Pradesh during FY26 under the PM E-DRIVE scheme.
The numbers reflect continued policy support for EV adoption and the gradual expansion of electric mobility beyond India’s largest metropolitan markets.
📊 Market Update
📈 Sensex: 78,079.96 ▲ 113.61 (+0.15%)
📉 Nifty 50: 24,395.85 ▼ 40.10 (-0.16%)
🪙 Gold (per gram)
24K: ₹15,360 ▼ ₹126
22K: ₹14,080 ▼ ₹115
18K: ₹11,520 ▼ ₹94
🥈 Silver: ₹2,55,000/kg