2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.5%
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4.1%
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4.9%
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3.8%
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Detailed explanation-1: -Non-food bank credit registered a growth of 17.6 per cent in November 2022 as compared with 7.1 per cent a year ago on the back of robust credit demand from the segments such as services, industry, personal, and agriculture and allied activities, according to RBI’s statement on Sectoral Deployment of Bank Credit.
Detailed explanation-2: -In the fortnight ended July 29, 2022, credit growth stood at 14.5 per cent. According to a report by Crisil Ratings, higher growth in bank credit seen during the first half of fiscal 2023 is likely to moderate in the second half.
Detailed explanation-3: -2.6 Asset Quality of SCBs continued to improve steadily through the year, with gross non-performing assets (GNPA) ratio declining from 7.4 per cent in March 2021 to a six-year low of 5.9 per cent in March 2022 (Chart 2.2 a).
Detailed explanation-4: -001/2022-23 dated September 30, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect.