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RBI Annual Report 2019 – 2020

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    29th Aug, 2020
  • Recently, the RBI has released its annual report for 2019-2020.
  • Temporary prohibition on loan instalments, postponement of interest payments and restructuring initiatives taken by RBI during Covid-19 pandemic have prevented a big spike in NPAs till now.
  • Bank credit growth has slowed significantly in 2020 despite the RBI’s efforts to infuse liquidity into the banking system.
  • Frauds reported by banks of Rs.1, 00,000 and above value have more than doubled (28% increase) in FY 2019-20.
  • The public sector banks accounted for most of these frauds (80%).
  • The rural demand fared better than urban areas due to the increased pace of kharif sowing.
  • In Hospitality, hotels and restaurants, airlines and tourism sectors, employment losses are more severe than in other areas.
  • Inflation may remain high in the second quarter of 2020-21.
  • Currency notes of ?2,000 denomination were not printed in 2019-20 and the circulation of these notes have declined over the year.
  • Compared to the previous year, there was an increase in counterfeit notes detected in the denominations of ?10, ?50, ?200 and ?500.
  • Counterfeit notes detected in the denominations of ?20, ?100 and ? 2,000 declined.

Verifying, please be patient.

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