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14 SCBs’ profitability continues to improve in FY22 - 2.8 - 1.9 0.8 7.7 9.0 2.5 2.7 2.8 2.9 3.3 -4 -2 0 2 4 6 8 10 FY18 FY19 FY20 FY21 FY22 (Sep-21) % Return on Equity Net Interest Margin Data as at end-March for FY18-FY21 Source: RBI, Economic Survey 2021-22 SCBs’ Return on Assets continue to improve in FY22 - 0.2 - 0.2 0.1 0.7 0.8 -0.4 0.0 0.4 0.8 1.2 FY18 FY19 FY20 FY21 FY22 (Sep-21) % Data as at end-March for FY18-FY21 Source: RBI, Economic Survey 2021-22 In terms of other two important parameters, bank deposits and credit growth also witnessed turnaround during FY22. Bank credit growth that had been declining since FY19 started to increase in FY22 and stood at 10.7% y-o-y in December 2021 as compared to 6.0% y-o-y in December 2020 backed by broad-based demand for loans. The deposit mobilisation also increased in FY22 aided by rise in demand deposits. Bank credit growth witnessed turnaround in FY22 0 4 8 12 16 Apr-2018 Aug-2018 Dec-2018 Apr-2019 Aug-2019 Dec-2019 Apr-2020 Aug-2020 Dec-2020 Apr-2021 Aug-2021 Dec-2021 % y - o -y Source: RBI Dun & Bradstreet