{"id":4458,"date":"2021-01-02T23:26:19","date_gmt":"2021-01-02T17:56:19","guid":{"rendered":"https:\/\/yourcareerheights.com\/?p=4458"},"modified":"2021-01-02T23:26:20","modified_gmt":"2021-01-02T17:56:20","slug":"report-on-trend-and-progress-of-banking-in-india-2019-20","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=4458","title":{"rendered":"Report on Trend and Progress of Banking in India 2019-20"},"content":{"rendered":"<div id=\"pl-4458\"  class=\"panel-layout\" ><div id=\"pg-4458-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-4458-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-4458-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-4458-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3>Reserve Bank of India released the\u00a0<a class=\"links\" href=\"https:\/\/www.rbi.org.in\/Scripts\/AnnualPublications.aspx?head=Trend%20and%20Progress%20of%20Banking%20in%20India\" target=\"_blank\" rel=\"noopener\">Report on Trend and Progress of Banking in India 2019-20<\/a>, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949 on 29th December 2020. This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2019-20 and 2020-21 so far.<\/h3>\n<p>The broad theme of this year\u2019s report is the impact of COVID-19 on banking and non-banking sectors, and the way forward. The highlights of the Report are set out below:<\/p>\n<ul>\n<li>During 2019-20 and first half of 2020-21, scheduled commercial banks (SCBs) consolidated the gains achieved after the turnaround in 2018-19.<\/li>\n<li>SCBs\u2019 gross non-performing assets (GNPA) ratio declined from 9.1 per cent at end-March 2019 to 8.2 per cent at end-March 2020 and further to 7.5 per cent at end-September 2020.<\/li>\n<li>Capital to risk weighted assets (CRAR) ratio of SCBs strengthened from 14.3 per cent at end-March 2019 to 14.7 per cent at end-March 2020 and further to 15.8 per cent at end-September 2020, partly aided by recapitalisation of public sector banks and capital raising from the market by both public and private sector banks.<\/li>\n<li>Net profits of SCBs turned around in 2019-20 after losses in the previous two years; in H1:2020-21, their financial performance was shored up by the moratorium, standstill in asset classification and ploughing back of dividends.<\/li>\n<li>The Reserve Bank undertook an array of policy measures to mitigate the effects of COVID-19; its regulatory ambit was reinforced by legislative amendments, giving it greater powers over co-operative banks, non-banking financial companies (NBFCs), and housing finance companies (HFCs); and it also undertook a series of initiatives to bolster its supervisory framework.<\/li>\n<li>The recovery process gained traction with the resolution of large accounts through the Insolvency and Bankruptcy Code (IBC); the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI) channel also aided the process of recovery.<\/li>\n<li>The balance sheet growth of Urban Co-operative Banks (UCBs) moderated in 2019-20 on lower deposit accretion and muted expansion in credit; while their asset quality deteriorated, increased provisioning resulted in net losses.<\/li>\n<li>The performance of state co-operative banks improved, both in terms of profitability and asset quality.<\/li>\n<li>The consolidated balance sheet of NBFCs decelerated in 2019-20 due to near stagnant growth in loans and advances although some improvement became visible in H1:2020-21; notwithstanding a marginal deterioration in asset quality, the NBFC sector remains resilient with strong capital buffers.<\/li>\n<li>The Report also offers some perspectives on the evolving outlook for India\u2019s financial sector.<\/li>\n<\/ul>\n<p>Please click on the link for detailed report on :\u00a0<a href=\"https:\/\/www.rbi.org.in\/Scripts\/AnnualPublications.aspx?head=Trend%20and%20Progress%20of%20Banking%20in%20India\" target=\"_blank\" rel=\"noopener\">REPORT ON TREND AND PROGRESS OF BANKING IN INDIA<\/a><\/p>\n<p>Source: rbi.org.in<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India released the Report 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-banking financial institutions during 2019-20 and 2020-21 so far.<\/p>\n","protected":false},"author":1,"featured_media":4447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45,775],"tags":[40,951],"class_list":["post-4458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rbi","category-report-on-trend-and-progress-of-banking-in-india","tag-rbi","tag-report-on-the-trend-and-progress-on-banking-in-india"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2020\/11\/RBI-mono.jpg?fit=151%2C85&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4458"}],"version-history":[{"count":1,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4458\/revisions"}],"predecessor-version":[{"id":4459,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4458\/revisions\/4459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/4447"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}