SANSAD TV: PERSPECTIVE- BUDGET 2022-23: PACE OF BANKING REFORMS

    Introduction: Bank credits have increased from 6 percent in 2020-21 to 7.3 percent in 2021-22, though bank deposits have reduced from 11.3 percent in 2020-21 to 9.6 percent in 2021-22. Pursuant to the government’s 4Rs strategy of Recognition, Resolution, Recapitalisation and Reforms, Non-Performing Assets (NPAs) of the banking sector have declined to nearly …