Early recognition and resolution of stressed assets have helped banks contain their gross non- performing loans ratio at 9.1 per cent in FY19 down from 11.2 per cent a year before, says the monetary authority
The supply of the Rs 2,000 denomination notes went down by 68.9% during 2018-19 to 47 million notes from 151 million notes a year ago
Despite the many an effort to shift to digital payments and usher in a digital payment economy, the currency in circulation has jumped by a hefty 17 per cent to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its annual report for 2019
The Reserve Bank has blamed the fall of the IL&FS group and the resultant negativism on the sector for the near 20 per cent plunge in the flow of credit to the commercial sector from non-banking lenders in FY19
In FY19, banking sector reported 6,801 frauds involving Rs 71,542.93 crore as against 5,916 cases involving Rs 41,167.04 crore reported in 2017-18.
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