The Reserve Bank's annual report says that there are no cyclical reasons behind the slowdown in economic growth in the country.

The Reserve Bank's annual report says that there are no cyclical reasons behind the slowdown in economic growth in the country.

MUMBAI: The Reserve Bank's annual report says that there are no cyclical reasons behind the slowdown in economic growth in the country. Fatigue for a while turns into a cyclical slowdown. But apart from agriculture, labor and land, there are no structural issues. There is an urgent solution to all three scenarios.

The path to economic awakening is to encourage private investment and increase consumption. Banks have opened up the way for liquidity and increased liquidity in the market. But these fluctuations can be handled because the strong financial base is domestic.

Annual Report of the Reserve Bank of India (RBI) reports that the banking crisis is looming with efforts to identify and mitigate earlier. Non-performing assets increased from 11.2% of total loans in 2017–18 to 9.1% last year.

Adequate reserves

With over Rs 52,000 crore in reserves from the government, the Reserve Bank's cash flow to deal with emergencies has risen to Rs 1.96 lakh crore. The special committee recommended that the bank's contingency fund account for 5.5% of the total balance sheet. It is estimated that even if the top 10 banks collapsed, this amount would be sufficient to intervene.

15% increase in bank fraud

The number of bank frauds reported in Mumbai∙ is 15% higher than the previous year, according to the Reserve Bank of India. The amount of fraud increased by 74%. In the last financial year, 6801 cases were detected amounting to Rs 71543 crore. In 2017–18, the number of cases detected was 5916 cases, or 41167 crores.

This is 55 months in the case of massive fraud of over Rs 100 crore. 52200 crores were fraudulent frauds in the previous year's 71543 crores. Loan frauds are the major contributor to this total. Card / Internet fraud is the second highest. The third largest source of money laundering is in investment irregularities. But both these accounts for a very small percentage of total fraud.

The minimum balance clause will be revised

The Reserve Bank of India (RBI) has announced that it will revise the minimum balance condition of deposits and penalties for non-payment of minimum balances.