Thu, Jul 21, 2022
It also said India's economic growth prospects should remain strong over the medium term, with GDP expanding 6.5-7 per cent annually in fiscal years 2024-2026.
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Mon, May 30, 2022
Fake notes of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year. Recently the data has been released by RBI. Out of the total Fake Indian Currency Notes detected in the banking sector, 6.9 per cent were detected at the RBI and 93.1 per cent at other banks.
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.
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.
Wed, Jun 27, 2018
GNPA of SCBs rose to 11.6% in FY18 compared to previous 10.2% in September 2017. This would be be 140 basis points increase in GNPA in just seven months of FY18.
RBI highlights that the problem of SCBs is not over and that gross NPAs will keep going up.
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