BANKING SECTOR IN LOSES

Mumbai, May 26, (way2newstv.in):

Modi's government policies are becoming less common to banks. NPAs, GST, FDI bill proposal and other banking laws are causing huge losses to public sector banks. According to RBI, banks' liabilities grew by 12.64 per cent to Rs 85,51,099 crore during the fifteen days of the financial year ended May 11, 2018. During the fifteen days of the end of May 2017, banks' loans were fixed at Rs 75,90,941. During the fifteen days of the year 2018, bank loans grew by 12.61 per cent to Rs 85,38,570 crore during the 15-day period ending April 28, 2017, to Rs 75,82,391 crore. 

BANKING SECTOR IN LOSES

The bank's deposits increased by 7.61 percent to Rs 1,13,92,165 crore in the fifteen days of May 11, 2017 and the total deposits amounted to Rs 1,05,86,083 crore. During the fifteen days ended April 27, 2018, deposits increased by 8.20 per cent to Rs 1,14,30,786. In March this year, the non-priority bank loan grew by 8.4 per cent. The same rate continued in March 2017. Loans to agriculture and allied sectors grew by 3.8 per cent in March, 2018. In March 2017, their growth was 12.4 percent. The lending to industries was 1.9 percent in March 2017, a 0.7 percent increase in March 2018 and March.