RBI Annual Report 2019 – 2020
- Posted By
10Pointer
- Categories
Economy
- Published
29th Aug, 2020
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- 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.
