RBI releases report on ‘Trend and Progress of Banking in India 2020-21’

The RBI has issued the report on Trend and Progress of Banking in India 2020-21 highlighting the performance of banking sector, including co-operative banks, and non-banking financial institutions during 2020-21 and 2021-22. The Report also offers some perspectives on the evolving outlook for India’s financial sector. As per the report, the consolidated balance sheet of scheduled commercial banks expanded in size, Deposits grew by 10.1 % at the end-Sep 2021 as compared with 11.0 % a year ago.The RBI has issued the report on Trend and Progress of Banking in India 2020-21 highlighting the performance of banking sector, including co-operative banks, and non-banking financial institutions during 2020-21 and 2021-22. The Report also offers some perspectives on the evolving outlook for India’s financial sector. As per the report, the consolidated balance sheet of scheduled commercial banks expanded in size, Deposits grew by 10.1 % at the end-Sep 2021 as compared with 11.0 % a year ago.taxmann.com Latest Statutory HappeningsRead More

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