The Reserve Bank of India released the Financial Stability Report (Including Trend and Progress of Banking in India 2013-14)December 2014 in December 2014. Consider the following statements regarding developments and stability
1. The growth of the Indian banking sector moderated further during 2013-14.
2. Profitability declined on account of higher provisioning on banks delinquent loans and lacklustre credit growth.
3. While urban co-operative banks exhibited improved performance, the performance of primary agriculture credit societies and long term rural credit co-operatives remained a matter of concern with a further increase in their losses coupled with a deterioration in asset quality.
4. While the asset size of the non-banking financial companies (non deposit taking-systemically important) showed an expansion, asset quality deteriorated further during the period of review.
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