In the corporate sector, the increase in profitability, as reflected by the gross operating surplus, and the increase in the annual growth rate of credit extended to the sector, are possible indications of a recovery in business confidence. In the property market, property price indicators have been declining over the past year, despite lower interest rates and rising real income.
Income Recognition Norms •  Under the Income Recognition Norms, income from non-performing assets cannot be taken as part of the profits of banks unless the income has been realised.