Quick Summary
Today, the Reserve Bank of India released theReport on Trend and Progress of Banking in India 2019-20, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks, and non-bank
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FAQ :
The report details the performance of the banking sector, including co-operative banks and non-banking financial institutions, during 2019-20 and the first half of 2020-21, with a focus on the impact of COVID-19.
The report's broad theme is the impact of COVID-19 on banking and non-banking sectors, examining the challenges and the way forward.
SCBs saw a decline in their gross non-performing assets (GNPA) ratio and an increase in their Capital to Risk Weighted Assets (CRAR) ratio. Their net profits also turned around in 2019-20.
The RBI implemented various policy measures, strengthened its regulatory powers through legislative amendments, and enhanced its supervisory framework.
UCBs experienced moderated balance sheet growth, deterioration in asset quality, and net losses due to increased provisioning, despite lower deposit accretion and credit expansion.
The report offers perspectives on the evolving outlook for India's financial sector.
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