Adding to the Rs 2000 banknote deposits, some of the sectors -- Refinery, Oil and Gas, Power, and Chemicals -- which reported improved cash and bank balance, according to the report, are believed to be more active in parking funds with banks.
SBI's provisions fell 25% year on year to Rs 2,011 crore in Q2FY23, owing to improved asset quality, with the net non-performing asset (NPA) ratio falling to less than 1%.
The Union government emphasised that the time period for verification and application for bank accounts must be cleared within 1 week from the date of removal of all objections (if any)
Kapri, whose 'journalism' often sounds like Congress' election campaign, insinuated that the entire Jet Airways crisis is somehow the fault of the Modi government.