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RBI Annual Report 2021
June 1 , 2021
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- The Reserve Bank of India (RBI) has published its annual report.
- It has highlighted “asset quality of banks and their preparedness requires close monitoring for higher provisioning for upcoming quarters”.
Highlights
- In its report, RBI cautioned “banks being lenders will have to provide true picture of bad loans after Supreme Court lifted interim stay on classifying non-performing assets (NPA) in March 2021.
- According to it, waiver of compound interest on all loan accounts opted for moratorium during March-August 2020 would put stress on financial health of banks.
- Gross NPA ratio of banks decreased from 8.2% in March 2020 to 6.8% in December 2020.
- Provision Coverage Ratio (PCR) of banks improved from 66.6% in March 2020 to 75.5 % by December 2020.
- Capital to risk-weighted assets ratio (CRAR) of banks increased to 15.9% by December 2020, in March it was 14.8%.
- Gross NPA ratio for non-banking financial institutions (NBFCs) increased from 6.8% in march to 5.7% in December 2020.
- Capital adequacy ratio of NBFCs increased from 24.8% in December 2020 from 23.7% in March.
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