Monetary Management and Financial Intermediation

The RBI initiated its monetary tightening cycle in April 2022 and has since raised the repo rate by 225 bps, leading to moderation of surplus liquidity conditions.

  • Cleaner balance sheets led to enhanced lending by financial institutions.
  • The growth in credit offtake is expected to sustain, and combined with a pick-up in private capex, will usher in a virtuous investment cycle.
  • Non-food credit offtake by scheduled Commercial Banks (SCBs) has been growing in double digits since April 2022.
  • Credit disbursed by Non-Banking Financial Companies (NBFCs) has also been on the rise.
  • The Gross Non-Performing Assets (GNPA) ratio of SCBs has fallen to a seven-year low ....
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