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Decline in India's Household Savings Net household savings in India declined to a 47-year low of 5.1% of gross domestic product in FY23, compared to 7.2% in the previous year. The finance ministry attributes this to changing consumer preferences for different financial products, indicating no distress, as households are investing in various financial instruments and assets.
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In a significant move to bolster its financial position and support future growth, Bank of Baroda (BoB), one of India's largest public sector banks, has announced plans to raise substantial capital through debt instruments and long-term bonds. The ba
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