While Customer Deposits and Retail deposits helped IDFC, Agriculture and Corporate loans boosted SBI's earnings. Additionally, BoB saw growth in Auto Loan, Home Loan, Personal Loan, Mortgage Loan and Education Loan and Bank of India saw growth in Retail Credit, Agriculture Credit, and MSME Credit
Earlier, the regulator had reportedly given similar relaxations to listed companies till December 2022
As the adoption of new technology is necessary for a transparent accounting system, the minister said that the accounting fraternity must examine how new technologies such as blockchain, artificial intelligence, data analytics and cloud computing could be employed
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