AR-Chapter 8.pdf

Annual Report 2023–2­4 W NABARD hile promoting rural prosperity is central to NABARD’s vision, its mission emphasises strengthens RFIs institutional development as one of the key pathways towards realising thi...

Annual Report 2023–2­4 W NABARD hile promoting rural prosperity is central to NABARD’s vision, its mission emphasises strengthens RFIs institutional development as one of the key pathways towards realising this vision. by supporting NABARD has been mandated to strengthen three sets of rural financial institutions improved (RFIs), viz., short-term credit cooperatives, long-term credit cooperatives, and regional rural banks governance, (RRBs). Each set has a specific mandate tailored to meet the diverse and escalating credit needs of technology adoption, business rural communities. These institutions are crucial for rural financial inclusion given their extensive diversification, outreach, local feel and connect, and commitment to grassroots development. Needless to mention, product innovation, only financially strong RFIs can achieve the avowed objective of rural prosperity through efficient internal control financial services. system, and capacity building. It is against this backdrop that NABARD is committed to strengthening these institutions through a range of financial, developmental, and supervisory measures, including policy advocacy and concessional refinance among others. NABARD’s developmental initiatives target all the critical areas required to make the RFIs strong and vibrant—improving governance, technology adoption, business diversification, product innovation, internal control system, capacity building, etc. NABARD also undertakes periodic reviews of RFI performance and their mandated supervision. 8.1 SHORT-TERM RURAL CREDIT COOPERATIVES A cooperative is a financial entity owned and operated by its members who are both customers and shareholders. Cooperatives are often created by the local community with a sense of collective ownership for deriving mutual socioeconomic benefits. The short-term cooperative credit structure (STCCS) consists of state cooperative banks (StCBs) at the state/apex level, district central cooperative banks (DCCBs) at the district level, and primary agriculture credit societies (PACS) at the village level. The initial role of STCCS of providing short-term crop loans to farmers through PACS has since been widened to cover the non-farm sector; term lending to allied sectors; rural housing; micro-, small-, and medium-sized enterprises (MSMEs); microfinance; etc. Thus, the STCCS, rooted in the principles of equality, democracy, and mutual support, has been serving the rural community, especially farmers, through institutional credit. In FY2023, consolidated financial performance of StCBs and DCCBs improved in terms of capital adequacy, asset quality, and profitability. During FY2023, only two StCBs (namely, Arunachal Pradesh and Jammu & Kashmir [J&K]) reported a capital-to-risk (weighted) assets ratio (CRAR) less than the regulatory requirement. As on 31 March 2023, 29 DCCBs had negative CRAR and 38 of the 42 DCCBs with CRAR less than 9% were concentrated in five states/Union Territories (UTs): Madhya Pradesh (15 of 38 DCCBs), Uttar Pradesh (11 of 50 DCCBs), Bihar (5 of 23 DCCBs), Maharashtra (4 of 31 DCCBs), and J&K (3 of 3 DCCBs). The consolidated net profit of StCBs increased by 7.4% during FY2023. Of the 34 StCBs, 21 reported increased profit in FY2023 over FY2022. The consolidated net profit of DCCBs increased In FY2023, by 38.5% during FY2023. The number of loss-making DCCBs decreased from 49 to 46. consolidated The consolidated share of gross non-performing assets (GNPA) of StCBs and DCCBs has steadily financial performance of declined over the past 3 years. Of the 34 StCBs, 26 reported lower GNPA (%) than last year. The StCBs and DCCBs share of DCCB’s GNPA also declined from 11.5% (31 March 2021) to 9.6% (31 March 2023). The improved in consolidated GNPA of DCCBs declined in 13 of 20 states/UTs during FY2023. terms of capital adequacy, asset The growth in business was subdued in comparison to that of the scheduled commercial banks quality, and (SCBs). During FY2023, StCBs and DCCBs relied more on borrowings for their incremental lending. profitability. The financial performance of StCBs and DCCBs is summarised in Appendix Table A8.1. 110  ` Empowering Rural Financial Institutions ` 8.2 LONG-TERM RURAL CREDIT COOPERATIVES The long-term cooperative credit structure (LTCCS) caters to the long-term credit needs of farmers and contributes to creating capital assets in the agriculture, allied, and off-farm sectors. It consists of state cooperative agriculture and rural development banks (SCARDBs) (at the apex) and primary cooperative agriculture and rural development banks (PCARDBs) (at the district/taluka level in some states) (Figure 8.1). As the agriculture and rural development banks (ARDBs) are not under the purview of the Banking Regulation Act, 1949, they cannot mobilise deposits which are repayable on demand from non-members and the deposits do not enjoy the coverage of Deposit Insurance and Credit Guarantee Corporation. Figure 8.1: Long-term cooperative structure 5 States/UTs Unitary Gujarat, Jammu & Kashmir, Puducherry , Tripura, and (No PCARDBs) Uttar Pradesh 6 States Federal Haryana, Karnataka, Kerala, Punjab, Rajasthan, and LTCCS Tamil Nadu Mixed 2 States Himachal Pradesh and West Bengal LTCCS = Long-Term Cooperative Credit Structure, PCARDB = Primary Cooperative Agriculture and Rural Development Bank, UT = Union Territory. As on 31 March 2023, deposits of SCARDBs accounted for just 9.4% of the total liabilities, as compared to the 80% share of deposits for RRBs, 54% share for StCBs, and 62% share for DCCBs. In view of the limitations applicable on SCARDBs for mobilising deposits, they are heavily reliant on borrowings to meet their lending requirements. Borrowings accounted for 45.2% of the total liabilities of SCARDBs, as on 31 March 2023 and borrowings from NABARD accounted for 83.6% of the total borrowings. An overview of the financial position of SCARDBs and PCARDBs is provided in Appendix Table A8.2. 8.3 IMPORTANT DEVELOPMENTS IN THE COOPERATIVE SECTOR 8.3.1 Centrally sponsored scheme for the computerisation of PACS NABARD is implementing the centrally sponsored scheme for the computerisation of about 63,000 functional PACS over a period of 5 years with a total budget outlay of ₹2,516 crore; in FY2024, additional 4,000 PACS have been sanctioned by the Ministry of Cooperation, Government of India SCARDBs are (GOI).1 heavily reliant on borrowings The project is an effort towards providing requisite computer hardware and peripherals together from NABARD to with ERP-based common software2 to enable PACS to capture records of all credit and non-credit meet their lending operations digitally and seamlessly in an efficient and transparent manner. The project comprises requirements. 111  Annual Report 2023–2­4 On 24 February of development of cloud-based common software with cyber security, uploading and building 2024, 18,000 a national-level data repository, training, and other support services. This initiative will pave digitised PACS the way for seamless integration of PACS with the Core Banking Solutions of DCCBs and StCBs. were formally Computerisation will facilitate the realisation of PACS’ true potential by transforming them into inaugurated by multi-service centres (MSCs) to offer an array of products and services, covering the entire gamut the Prime Minister of India at Bharat of rural livelihood activities. Mandapam, On 24 February 2024, 18,000 digitised PACS were formally inaugurated by the Prime Minister New Delhi. of India at Bharat Mandapam, New Delhi. 8.3.2 Launch of ARDB computerisation project The Union Minister of Cooperation launched the project for computerisation of ARDBs on 30 January 2024 in the national conference and workshop organised on ‘Computerisation of Offices of Registrars of Cooperatives of all the States/Union Territories and Agriculture & Rural Development Banks’ at New Delhi. NABARD is the implementing agency for the computerisation of 1,851 units of ARDBs of 11 states and 2 Union Territories. As on 31 March 2024, sanction letters have been issued to 8 states by the Ministry of Cooperation for computerisation of 899 units. 8.3.3 Other developments Project on ‘Cooperation amongst Cooperatives’ (details in Section 2.7.1) PACS as Common Service Centres (CSCs) for better access to e-services (details in Section 2.6) Study on Reforms, Restructuring and Innovations in ARDBs (details in Section 2.6) National Conference on Best Practices in Rural Cooperative Banks (details in Section 2.7.3) Fintech workshop for rural cooperative banks (RCBs) (details in Section 2.7.4) 8.4 COOPERATIVE DEVELOPMENT FUND The Cooperative Development Fund (CDF) was established by NABARD in FY1993 with an initial corpus of ₹10 crore, which has been augmented periodically through contribution from NABARD’s annual profit. Under the scheme, NABARD established the Centre for Professional Excellence in Cooperatives at Bankers Institute of Rural Development (BIRD), Lucknow to improve quality of training systems and formulate policies that foster professionalism and quality human resources of STCCS. The fund is also utilised for programmes conducted by the training establishments of NABARD (BIRD centres at Lucknow, Mangaluru, and Kolkata). As of 31 March 2024, a cumulative amount of ₹326.9 crore has been disbursed from CDF since inception. The balance of the corpus fund as on 1 April 2024, after replenishment and appropriation, is ₹200 crore. Appendix Table A8.3 presents information on grant support to cooperatives from CDF in FY2024. Key outcome indicators under CDF as on 31 March 2024 are listed below: Major assistance of CDF goes to cooperative training institutions under the Scheme of Financial Assistance for Training of Cooperative Banks Personnel (SOFTCOB). An amount of ₹1,480 lakh was utilised for conducting the training programmes under SOFTCOB during FY2024. NABARD introduced a scheme in 2021 to support the setting up of Business Diversification 112  ` Empowering Rural Financial Institutions ` and Product Innovation Cells (BDPICs) in StCBs. There are 21 BDPICs in operation for which ₹13.9 crore has been sanctioned till 31 March 2024. Under the scheme for transformation of PACS as multi-service centres, PACS can avail assistance on a reimbursement basis for accompanying measures like project preparation, exposure visits, capacity building of PACS functionaries, documentation, technology adoption, etc. Towards the implementation of the centrally sponsored project on the computerisation of PACS, NABARD’s share of ₹252 crore is to be utilised from the CDF for the development and maintenance of National Level PACS Software (₹236.5 crore) and training of stakeholders (₹15.5 crore). Comprehensive Support Plan for North-Eastern States (including Sikkim), Andaman & Nicobar Islands, and J&K is available for various capacity-building efforts and infrastructural support. All the states except Assam have been sanctioned grant support of up to ₹100 lakh each. An amount of ₹870.1 lakh has been sanctioned to these StCBs as on 31 March 2024. 8.5 REGIONAL RURAL BANKS Regional rural banks (RRBs) were established to secure credit flow to small and marginal farmers, agricultural labourers, artisans, and weaker sections of society. As on 31 March 2024, there were 43 RRBs (sponsored by 12 SCBs) with 22,069 branches with operations extending to 31.3 crore deposit accounts and 3 crore loan accounts in 26 states and 3 UTs (Puducherry, Jammu & Kashmir, Ladakh) (Figure 8.2).3 Figure 8.2: Regional rural banks as on 31 March 2024 22,069 branches in 700 districts 26 states & 3 UTs 14% share in branches (all banks) 30% share in rural branches (all banks) 92% branches in rural/ semi-urban areas RRBs 6.6 lakh crore deposits 4.7 lakh crore advances 31.3 crore deposit accounts 3 crore loans accounts 3.2% share in deposit amount (all banks) 2.9% share in advances (all banks) 13.7% share in deposit accounts (all banks) 8% share in loan accounts (all banks) The government’s decision to sanction RRB = Regional Rural Bank, UT = Union Territory. ₹10,890 crore of recapitalisation assistance to 8.5.1 Unprecedented capital support for RRBs RRBs during FY2022 and The government took a landmark decision to sanction ₹10,890 crore of recapitalisation assistance to FY2023 compares RRBs during FY2022 and FY2023. This compares exceptionally well with the total capital infusion exceptionally of ₹8,393 crore by all stakeholders from 1975 till 2021. well with the total capital infusion In FY2022, an amount of ₹8,168 crore (GOI share: ₹4,084 crore) was sanctioned as of ₹8,393 crore by recapitalisation assistance to 22 RRBs. These RRBs received the entire amount of recapitalisation all stakeholders assistance sanctioned by 31 March 2023 from all stakeholders. from 1975 till 2021. 113  Annual Report 2023–2­4 In the last week of FY2023, an amount of ₹ 2,722 crore (GOI share: ₹ 1,361 crore) was sanctioned as recapitalisation assistance to 22 RRBs. As on 31 March 2024, these 22 RRBs have received the entire amount of recapitalisation assistance from sponsor banks and state governments. Of the 22 RRBs, 19 have received the entire GOI share amounting to ₹1,097.1 crore. Out of the remaining, two in Uttar Pradesh received the proportionate share of the state government in February 2024. Consequently, they received a portion of the GOI share amounting to ₹3 crore against the sanctioned amount of ₹198.6 crore. Government of Kerala released their proportionate share in March 2024 and the GOI share is awaited by Kerala Gramin Bank. The recapitalisation scheme is accompanied by operational and governance reforms under the broad ambit of the Sustainable Viability Plan to transform RRBs. All RRBs had rolled out a 3-year Board-approved viability plan in FY2023 with a well-defined implementation mechanism aimed at credit expansion, business diversification, NPA reduction, cost rationalisation, technology adoption, corporate governance improvement, etc. 8.5.2 Performance and financial health indicators of RRBs Consequent upon the recapitalisation assistance of RRBs and the roll out of the viability plan, the performance of RRBs at a consolidated level has improved significantly during FY2024 and has reached historic highs on all fronts. The consolidated net profit was ₹7,571 crore during FY2024 and the consolidated CRAR was at an all-time high of 14.2% as on 31 March 2024. Asset quality measured by GNPA stood at 6.1%, lowest in the last 10 years. Credit expansion led to an increase in consolidated credit to deposit ratio to 71.2%, the highest in 33 years. The pace of technology adoption increased as more RRBs started rolling out digital services to their customers. Share of RRBs in the implementation of flagship financial inclusion schemes of GOI also increased during FY2024. The number of loss-making RRBs has steadily declined from 18 in FY2020 to 3 in FY2024. Of the 37 RRBs which posted profit in FY2023 (previous year), the net profit of 32 RRBs increased during FY2024. It is notable that in FY2024, four RRBs (of six loss-making RRBs in FY2023) turned profit making after many years of losses, namely Dakshin Bihar Gramin Bank (after 6 years), J&K Gramin Bank (after 4 years), Paschim Banga Gramin Bank (after 4 years) and Assam Gramin Vikash Bank (in losses since FY2019 barring nominal profit in FY2022). However, there are two RRBs, Ellaquai Dehati Bank in J&K and Manipur Rural Bank, which continue to be in losses due to operational difficulties on account of curfew/disturbances. The number of Consolidated GNPA reduced in both absolute and percentage terms. GNPA (%) reduced in loss-making RRBs 38 of the 43 RRBs during FY2024. All RRBs met all the regulatory targets/sub-targets stipulated declined from 18 by the RBI under Priority Sector Lending (PSL) guidelines during FY2024. The improvement in in FY2020 to 3 in FY2024. In fact, 4 of performance is depicted in Figure 8.3. Key performance indicators are summarised in Appendix the 6 RRBs that had Table A8.4. The performance of RRBs in terms of achievement of PSL targets in FY2024 is presented been in losses for in Appendix Table A8.5. many years leading up to FY2023, RRBs play an important role in implementation of the flagship financial inclusion schemes of reported profits GOI, viz., Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Suraksha Bima Yojana, in FY2024. Pradhan Mantri Jeevan Jyoti Bima Yojana, and Atal Pension Yojana. Though RRBs account for 114  ` Empowering Rural Financial Institutions ` Figure 8.3: Improvement in performance of RRBs No. of RRBs with CRAR < 9% CRAR (%) 16 16 16.6 14.915.4 13 13 13.7 13.4 14.2 12.7 11 10.2 8 9 8.7 9.8 3 4 3.5 0 0 1 1 Non Recap RRBs Recap RRBs Total Non Recap RRBs Recap RRBs Total 31 March 2021 31 March 2022 31 March 2023 31 March 2024 Profit/ Loss in RRBs ( crore) 7,571 4,974 4,373 7,796 3,219 6,178 2,165 1,682 1,867 1,205 4,116 897 3,550 225 Total profit of RRBs in profit Total loss of RRBs in losses Net profit (+)/ Loss(-) -2,208 Profit/ Loss making RRBs (No. of RRBs) 40 37 34 30 25 18 13 9 6 3 No. of RRBs in profit No. of RRBs in loss FY2020 FY2021 FY2022 FY2023 FY2024 GNPA (%) and NNPA (%) 10.4 9.4 9.1 7.3 6.1 5.8 4.7 4.8 3.2 2.4 FY2020 FY2021 FY2022 FY2023 FY2024 GNPA (%) NNPA (%) CRAR = Capital-to-Risk (Weighted) Assets Ratio, GNPA = Gross Non-Performing Asset, NNPA = Net Non-Performing Asset, Recap = Recapitalised, RRB = Regional Rural Bank. 115  Annual Report 2023–2­4 Technology only 3% in the total business share of all SCBs, their share in the implementation of these schemes upgrade of RRBs ranges from 16% to 19%. Their share has further increased during FY2024 due to higher growth in includes the rolling enrolments. It may also be pertinent to mention that RRBs have the highest average deposit amount out of 14 customer- per account in PMJDY accounts amongst all categories of banks (₹4,292 per account in RRBs vis-à- centric digital vis ₹4,040 per account for other banks). services and the implementation of 8 bank-centric 8.5.3 Thrust on technology upgrade in RRBs digital upgrades. The Union Minister of Finance chaired meetings in different regions of the country to review the functioning of RRBs, with a special focus on technology upgrade of the RRBs (Figure 8.4). Emphasis is being laid on: rolling out of 14 customer-centric digital services in RRBs, such as, internet banking, mobile banking, unified payment interface (UPI), call centre facility, account aggregator framework, video know-your-customer (KYC), Bharat Bill Payment Service, etc., for improving rural banking service delivery; implementation of eight bank-centric digital upgrades in the RRBs like CBS upgrade, loan origination system, NPA management module, HRMS module, etc., for enhancing efficiency in operations.4 Figure 8.4: RRBs offering different digital services (number) 43 34 33 31 29 29 26 25 17 11 4 0 Mobile banking Internet banking (transaction) BHIM UPI Account aggregator 31 March 2022 31 March 2023 31 March 2024 BHIM UPI = Bharat Interface for Money Unified Payments Interface. 8.5.4 Important developments in the context of RRBs RRBs as member lending institutions of Credit Guarantee Fund Scheme for Education Loans To address the issue of the declining loan portfolio of RRBs under priority sector loans to education, the Ministry of Education, vide gazette notification dated 18 April 2023, has included RRBs which are members of Indian Banks’ Association as eligible member lending institutions of the Credit Guarantee Fund Scheme for Education Loans administered by National Credit Guarantee Trustee Company Ltd. 116  ` Empowering Rural Financial Institutions ` Increase in ceiling of guarantee under Credit Guarantee Fund Trust for Micro and Small Enterprises The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), vide notification dated 15 December 2023, has increased the ceiling of guarantee for RRBs from ₹50 lakh to ₹2 crore for all guarantees approved on or after 1 January 2024. Committee in respect of recruitment, promotion, and outsourcing in RRBs, appointment of the Chair and officers of sponsor banks on deputation to RRBs The committee was headed by Chairman NABARD, Shaji K.V., with terms of reference to review the recommendations of the Mitra Committee as also the extant guidelines and make suitable recommendations on recruitment, transfer, appointment of chairperson, etc. The report of the committee has been submitted to the Department of Financial Services, GOI on 6 November 2023. Review of instructions on bulk deposits The RBI, vide notification dated 26 October 2023, has enhanced the bulk deposit limit for RRBs to ₹1 crore. Previously, single rupee term deposits of ₹15 lakh or more were categorised for RRBs as ‘bulk deposits’. RRBs in Focus5 The mechanism of ‘RRBs in Focus’ serves as a signal of caution to the RRBs to initiate remedial measures to avoid further deterioration of financials and slippage into the ‘Prompt Corrective Action’ framework. NABARD provides continuous guidance and technical assistance to ‘RRBs in Focus’ in addition to other types of assistance. Based on the audited financial position as on 31 March 2023, there were 15 RRBs classified as ‘RRBs in Focus’ during FY2024 (as opposed to 16 in FY2023). The performance of Madhya Pradesh Gramin Bank (in focus in FY2023) improved and it came out of the ‘in focus’ list in FY2024. Of the 16 RRBs ‘in focus’ during FY2023, CRAR improved in 11, GNPA in all 16, and profitability measured by return on assets improved in 10 RRBs. Workshops/seminars for capacity building of RRBs A symposium on ‘Strengthening financial sustainability and operational viability of RRBs’ was organised in coordination with the College of Agricultural Banking, Pune for chairpersons of all RRBs on 11–12 May 2023. A workshop on ‘Convergence/Awareness of GOI Policies on MSME Lending’ was organised on 4 January 2024. Sessions on GOI Schemes for MSMEs, credit guarantee schemes of CGTMSE, and best practices in MSME lending were handled by distinguished speakers from the Ministry of Micro, Small and Medium Enterprises, GOI, NABARD, CGTMSE, and RRB chairpersons. A workshop on the topic ‘Leveraging Account Aggregator (AA) Framework for Business Growth’ was organised on 15 March 2024 for chairpersons of RRBs to present strategies for acquiring high- value customers through the AA framework. Experts from the AA industry presented live examples Of the 16 RRBs and case scenarios for the benefit of RRBs. ‘in focus’ during FY2023, CRAR improved in 11, 8.6 ROADMAP FOR RFIs GNPA in all 16, and profitability To propel the cooperative sector into a new era of efficiency and modernisation, NABARD will play a measured by return proactive role as outlined in the upcoming ‘New Cooperative Policy’ of the GOI. A pivotal step involves on assets improved the computerisation of all functional PACS, consolidating them under a single software platform. in 10 RRBs. 117  Annual Report 2023–2­4 By promoting the This initiative aims to centralise PACS data into a single data repository, facilitating streamlined adoption of best- reporting for all stakeholders. Simultaneously, the computerisation of all ARDBs and their branches in-class banking- will be pursued, enhancing their operational effectiveness. NABARD is going to roll out a platform centric and for the implementation of a Cooperative Governance Index (CGI) for RCBs. The CGI will serve as a customer-centric tool to evaluate and improve the corporate governance standards within these cooperative banks, digital services, RFIs can enhance their ensuring transparency and accountability. The pilot phase is going to be implemented in 69 StCBs service offerings and DCCBs in FY2025. This will be followed up by roll-out in all StCBs and DCCBs. and meet the evolving needs of NABARD will continue to monitor the viability plans of RRBs closely, ensuring that they meet their customers in the targets outlined in their viability plans. It will also facilitate the adoption of technology among today’s digital age. the RRBs and RCBs. By promoting the adoption of best-in-class banking-centric and customer- centric digital services, RFIs can enhance their service offerings and meet the evolving needs of their customers in today’s digital age. Due emphasis is being laid by NABARD on business diversification by the STCCS through the intervention of BDPICs and PACS Development Cells. It is undertaking the process of revising various scheme guidelines under CDF assistance. NABARD would continue to focus on improving the skill base of personnel in both cooperatives and RRBs. It will also focus on strengthening weaker StCBs and DCCBs through turnaround plans and implementable strategies. NOTES 1. For details, please see NABARD (2023), Annual Report, 2022–23, National Bank for Agriculture and Rural Development, Mumbai. Box 8.1, p. 95. https://www.nabard.org/pdf/2023/annual-report-2022- 23-full-report.pdf. 2. ERP = Enterprise Resources Planning. 3. J&K Grameen Bank has four branches in the Union Territory of Ladakh. 4. CBS = Core Banking Solutions, HRMS = Human Resource Management System, NPA = Non-Performing Assets. 5. RRBs which meet one of three criteria—CRAR < 10%; GNPA >= 10%; Return on Assets (RoA) < 0%—for the last 2 consecutive years are categorised as ‘RRBs in focus’. 118  APPENDIX TO CHAPTER 8 Table A8.1: Consolidated performance of StCBs and DCCBs (amount in ₹ crore) StCBs DCCBs S. No. Parameter 31 March 31 March % Change 31 March 31 March % Change 2022 2023 (YOY) 2022 2023 (YOY) 1 Banks (no.) 34 34 – 351 351 – 2 Branches (no.) 2,089 2,102 0.6 13,670 13,698 0.2 3 Share capital 9,263 9,774 5.5 24,472 26,486 8.2 4 Reserves 17,971 20,544 14.3 26,474 28,729 8.5 5 Deposits 2,40,953 2,42,327 0.6 4,12,573 4,33,358 5.0 6 Borrowings 1,23,785 1,54,970 25.2 1,28,524 1,47,207 14.5 7 Investments 1,40,966 1,48,666 5.5 2,35,913 2,47,942 5.1 8 Loans outstanding 2,38,919 2,65,580 11.2 3,36,546 3,70,851 10.2 9 Assets/Liabilities 4,17,233 4,51,840 8.3 6,49,546 6,97,304 7.4 10 Banks in profit (no.) 31 32 Improved 302 305 Improved 11 Banks in loss (no.) 3 2 Improved 49 46 Improved 12 Net profit/loss 2,288 2,458 7.4 1,358 1,881 38.5 13 CD Ratio (%) 99.2 109.6 Improved 81.6 85.6 Improved 14 CRAR (%) 13.0 13.3 Improved 12.2 12.1 Deteriorated 15 CRAR