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UCBs' asset quality and finances deteriorate in FY20, says RBI report

The rise in NPAs may partly be attributable to stagnant growth in loans and advances and weak balance sheets

Topics
Urban cooperative banks | asset quality review | NPAs

Abhijit Lele  |  Mumbai 



banks
On the balance sheet front, the growth in deposits, that constitute 90 per cent of the total resource base of UCBs, decelerated in 2019-20 after witnessing a revival in the previous year.

The financial and asset quality profile of urban co-operative banks (USBs) deteriorated in the financial year 2019-20 (FY20), with the sector reporting net loss, an uptick in bad loans, and a fall in the provision coverage ratio.

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First Published: Thu, December 31 2020. 01:39 IST

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