RBI releases 22nd issue of Financial Stability Report; here are the key highlights
Performance parameters of banks have improved significantly, aided by regulatory dispensations extended in response to the COVID-19 pandemic, said the RBI in the 22nd issue of the Financial Stability Report (FSR) on January 11. Here are the highlights
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The Reserve Bank of India (RBI) on January 11 released the 22nd issue of the Financial Stability Report (FSR).
It reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, and the resilience of the financial system in the context of contemporaneous issues relating to development and regulation of the financial sector.
The Reserve Bank of India (RBI) on Monday informed that Indian banks total gross non-performing assets (GNPAs) may rise to 14.8 per cent under a severe stress
Bank Credit Grows at 5.4 per cent in September Quarter, Says RBI
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Bank credit growth on a year-on-year basis stood at 5.4 per cent in September quarter of the current fiscal year compared to 5.7 per cent growth in the previous quarter, RBI data showed. Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June. It, however, improved for the bank branches in rural, semi-urban and urban areas, according to the data released by the Reserve Bank of India (RBI). RBI on Friday released Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), September 2020.
Bank credit grows 5.4% in Sept quarter
Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June
PTI | January 3, 2021 | Updated 20:02 IST
RBI on Friday released Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), September 2020
Bank credit growth on a year-on-year basis stood at 5.4 per cent in September quarter of the current fiscal year compared to 5.7 per cent growth in the previous quarter, RBI data showed. Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June.
Bank credit grows at 5.4% in September quarter: RBI
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Last Updated: Jan 01, 2021, 07:01 PM IST
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Synopsis
Personal loans, which accounted for one-fourth of bank credit, continued to maintain double-digit growth during the September quarter.
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Weighted average lending rate (WALR) for outstanding credit declined by 21 basis points during July-September 2020, RBI said.
Mumbai: Bank credit growth on a year-on-year basis stood at 5.4 per cent in September quarter of the current fiscal year compared to 5.7 per cent growth in the previous quarter, RBI data showed. Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June.