 "Public sector banks, bank credit")
The profile of urban co-operative banks (UCBs) improved in 2021-22 on the back of augmented capital buffers, a decline in bad loans and improved profitability.
However, the growth in deposits and advances took a knock as liabilities shrunk on the back of high base in 2020-21, according to RBI’s Report on Trend and Progress of Banking in India.
The combined net profit of UCBs was up 85 per cent to Rs 2,881 crore in 2021-22. Anaemic credit growth in a low rate regime pulled down their interest income. However, the contraction in interest expenditure was even sharper leading to improvement
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