Economy witnesses improvement in financial parameters: Survey
08/08/2016 10:53
According to a survey, Banks and financial institutions witnessed improvement in financial parameters such as cost of funds, liquidity position and external financial linkages in April-June quarter. As per reports, the CII-IBA Financial Conditions Index stood at 61.1 for April-June period compared to 47.8 in the previous quarter. An analysis revealed significant improvement in the cost of funds index (70.7), funding liquidity index (67.2) and the external financial linkages index (54.6). The economic activity index stood at 51.8 compared to 64.6 in the previous quarter. The Financial Conditions Index is based on a survey of major banks and financial institutions on their expectations of key financial and economic conditions. A total of 41 major banks and financial institutions with combined total assets of more than Rs 72 lakh crore (as of March 2016) participated in the survey.
08/08/2016 10:53
