Tue, Jan 01, 2019
According to RBI's latest Financial Stability report, among the broad sectors, the asset quality of sector improved in September, 2018 as compared to March 2018. The improvement in asset quality of industry sector was marked by a reduction in fresh slippages in September 2018.
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Mon, Dec 31, 2018
RBI says, "SCBs’ credit growth on a year-on-year (y-o-y) basis improved across bank groups between March and September 2018, largely driven by the private sector banks (from 21.3 per cent in March 2018 to 22.5 per cent in September 2018)."
Since past few fiscal years, banks have been struggling with heavy stressed assets, which even impacted their ability to lend, weak net interest income (NII), higher provisions, all of which led to lackluster earnings.
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