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Indian Banking: Global Perspective

Indian banks domestically have done reasonably well during 2020-21 and also in the first half of 2021-22, notwithstanding the pandemic woes. Gross NPAs of SCBs have come down to 6.9 percent, the lowest in 06 years, as of September 2021 from an all-time high of 11.5 percent in March 2018.PSBs have earned profit in 2021 for the first time in 05 years.

The impact of high crude oil prices in India

As OPEC evidently doesn't have a role in the demand for crude oil, it has full control over the supply chain, and hence in order to influence the price, they simply increase or decrease the price.