RBI recently came up with the latest iteration of its annual report on the financial performance- ‘Report on Trend and Progress of Banking in India’. Which of the following Statements is/are True about the report. I- The gross non-performing assets (GNPAs) ratio of SCBs has decreased in 2021 from 2020. II- Capital to risk-weighted assets ratios (CRA

RBI recently came up with the latest iteration of its annual report on the financial performance- ‘Report on Trend and Progress of Banking in India’. As per the report, despite the devastation caused by the COVID-19 outbreak in India, the financial performance of banks has improved, citing a fall in the gross non-performing asset ratio for scheduled commercial banks (SCBs). The gross non-performing assets (GNPAs) ratio of SCBs fell from 8.2 per cent at the end of March 2020 to 7.3 per cent in March 2021. This decreased further to 6.9 per cent at the end of September 2021. Capital to risk-weighted assets ratios (CRAR) – a vital measure of a bank’s stability – of SCBs improved from 14.8 per cent at the end of March 2020 to 16.3 per cent at the end of March 2021 Banks have witnessed an increase in the incidences of fraud in the current fiscal.