- Apart from that lenders were asked to focus on technology and data analytics to push their lending.
- Besides public sector lenders need to strengthen IT security systems and cybersecurity to check fraud.
- As per RBI’s latest data, growth in lending by PSBs has improved significantly to 7.8% in March 2022 from 3.6% earlier.
- In addition to that, banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans.
- Earlier, to improve the financial health of PSBs, the government implemented a comprehensive 4Rs strategy -- recognition of NPAs transparently.
Question:
Q.1 As per RBI date the lending in Public sector banks has increased to ________ in March 2022.a. 3.2%
b. 7.8%
c. 6.1%
d. 5.3%
