NEW DELHI: Currency in circulation soars 17 percent to Rs 21.10 trillion, says RBI annual report 2019. RBI says growth deceleration a “soft patch mutating into cyclical downswing” and not structural.
Lack of domestic demand ailing the animal spirits; need to focus on reviving private investments said RBI. Credit flow from NBFCs to commercial sector dips 20 percent, post-IL&FS crisis said RBI.
Banks report 6,801 fraud cases, involving Rs 71,542.93 crore in FY19 says RBI. (agencies)