RBI's Financial Trends, Progress Report FY21 - Key Inferences To Draw: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We draw the following inferences from the report on Trend and Progress of Banking - FY21, released by the Reserve Bank of India: India credit-to-gross domestic product is still markedly lower than the G20 average. Private non-financial corporations have been net savers, progressively increasing their deposits with scheduled commercial banks, while their credit offtake has remained anaemic.Concerted strategies for timely capital infusion need to be carried forward by banks. Asset quality improved, partly attributable to imposition of the asset classification standstill. Write-offs were the predominant recourse for lowering gross non performing assets in FY21. Banks’ asset quality may get dented, going forward. Overall, restructured standard assets further increased to 1.8% at end September 2021. 7.7% of micro small and medium enterprise advances have been restructured under MSME restructuring schemes. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBI's Financial Trends, Progress Report FY21 - Key Inferences To Draw: ICICI Securities

RBI's Financial Trends, Progress Report FY21 - Key Inferences To Draw: ICICI Securities

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