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The Reserve Bank of India (RBI) has raised concerns over high levels of gross non-performing assets (NPAs) in urban cooperative banks, despite improved profitability indicators. The RBI has called for further strengthening of governance standards and risk management practices, and for co-operative banks to adopt global best practices of supervision.
The Reserve Bank of India (RBI) has raised concerns over high levels of gross non-performing assets (NPAs) in urban cooperative banks, despite improved profitability indicators. The RBI has called for further strengthening of governance standards and risk management practices, and for co-operative banks to adopt global best practices of supervision.
Outlook on banking sector positive but focus on big players The larger private sector banks are expected to emerge stronger from the pandemic as they strengthened liquidity, made adequate provisions and shored up their capital to weather the crisis, says Unmesh Kulkarni of Julius Baer India. . Unmesh Kulkarni January 09, 2021 / 09:22 AM IST With the pandemic setting in the first half of the year 2020, the banking sector was the obvious and immediate victim of the economy's collapse and bore the brunt of the selling in the stock markets. Even as...