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What is Banking Sector Performance FY 2017-18 about?

The document discusses operations and performance of the banking sector in India in FY 2017-18. It notes that public sector banks registered losses for the first time since 1993-94 as asset quality deteriorated. The Reserve Bank of India took several steps to revive the banking system, including asset quality reviews, a new framework for resolving stressed assets under the Insolvency and Bankruptcy Code, and recapitalizing public sector banks. While capital adequacy remained above regulatory requirements, n

Author

Siddhant Singh

Language

EN