Banks back with a bang; profit is 2.4x of FY20, but how...
Lower provisioning, higher credit growth, lesser incremental slippages, and reduction in restructured assets led to higher profit for banks
scheduled commercial banks
October 2023
August 2023
April 2023
September 2022
May 2021
PSBs’ net loans write-off dips to ₹84,000 cr in FY23: FinMin
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
Urge banks to maintain capital, liquidity buffers beyond regulations: RBI’s Das
Gross NPA ratio for SCBs in India was 4.41 per cent in December 2022, down from 5.8 per cent in March 2022, says Das
Infographic: Rise in personal loans: Home loans back in focus
Housing loans account for more than 48% of personal loans for banks as of December 2022, as per the RBI data.
PSBs’ share in credit market dips 19% in 10 yrs
During the same period, the share of private sector banks nearly doubled to 36.9%, shows RBI data.
RBI announces steps to fight second wave of Covid-19
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
