Data from the Reserve Bank of India shows that loan outstandings of micro and small units have fallen by 2.14 per cent to Rs 365,000 crore as on December 21, 2018 from Rs 373,000 crore in March 2018, a decline of Rs 8,000 crore.
There are, however, some other major research houses that see a more aggressive rate hike in this year. While Citi India expects another rate hike this year in October, Morgan Stanley expects rate hikes to be front-loaded.
The highest ever amount of Rs 28,459 crore is said to have been involved in these cases of fraud reported from April, 2017, to March 1, 2018, the central bank said. In 2016-17, banks had reported 5,076 cases of fraud involving Rs 23,933 crore.