Search For "non performing asset"
India can become world's second-largest economy by 2031: RBI Dy Governor P
Updated : 1 year, 8 months ago IST
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
Read More
With healthier balance sheets, banks are supporting credit growth: RBI Fin
Updated : 1 year, 8 months ago IST
The global economy is currently facing significant risks stemming from ongoing geopolitical tensions, high levels of public debt, and slow progress in reducing inflation, according to the Reserve Bank of India's (RBI) 29th Financial Stability Report (FSR) released on Thursday.
Read More
"India's domestic financial system is now in a much stronger position": RB
Updated : 1 year, 8 months ago IST
Das said, "India's domestic financial system is now in a much stronger position than it was before we entered the period of the COVID crisis. Indian financial system is now in a much stronger position, characterized by robust capital adequacy, low levels of non-performing assets, and healthy
Read More
RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 1 year, 9 months ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
Read More
Public sector banks doing better in managing NPAs vis-a-vis their private
Updated : 1 year, 11 months ago IST
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
Read More
Indian banking sector continues to improve with better asset quality, high
Updated : 1 year, 11 months ago IST
The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed.
Read More
Women-owned businesses getting more loans; non-performing assets less than
Updated : 2 years, 1 month ago IST
"230 million women received their bank accounts for the first time courtesy of the Jan Dhan Yojna. Of the 400 million loans given out, 70 per cent of beneficiaries were women with women-owned businesses, which means, 280 million women-owned businesses received funds. The NPA was less than 2.
Read More
Asset quality of banks improves to decadal high at end-September: RBI
Updated : 2 years, 2 months ago IST
The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023.
Read More
Unlocking Prosperity: Unipe's Bold Mission to Build a Credit Universe for
Updated : 2 years, 3 months ago IST
Bangalore (Karnataka) [India], December 13: Meet Raj, the owner of a bustling manufacturing unit in the heart of India. His factory, a microcosm of the nation's robust economy, employed over 200 skilled workers. Raj took pride in contributing to India's growth story, but behind the scenes, h
Read More
Indian banks continue to stand strong and resilient; over Rs 15,000 crore
Updated : 2 years, 3 months ago IST
Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday
Read More
Congress is responsible for India's non-performing assets crisis: BJP lead
Updated : 2 years, 4 months ago IST
He posted on X, "The Congress would have us believe that the BJP government is responsible for the NPA crisis, but former RBI governor Raghuram Rajan, an ally of the Congress, was unambiguous in ponting out that many of the problematic loans originated during Congress-led UPA era. Banks were
Read More
FICCI-IBA bankers' survey indicates robust demand and encouraging turnarou
Updated : 2 years, 5 months ago IST
According to a press release, With participation from 24 banks, including public sector, private sector, and foreign banks, this survey offers valuable insights into the financial health of the Indian economy.
Read More