[ad_1] During the last two years, there was a pick-up in financial progress and banks have witnessed credit score progress at a compound annual progress fee of 18.2% from March 2022 to December 2023. Banks had surplus liquidity generated by deposits at a comparatively decrease value in the course of the Covid interval. Which have been utilised to fund the credit score progress thus enabling banks to enhance web curiosity margin. This, together with low credit score prices, helped banks to report robust profitability throughout FY23. RBI had elevated rates of interest from Could 2022 to until date by 250…
