Search For "non performing assets"
"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
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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.
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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.
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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.
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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.
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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.
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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
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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
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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
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Fresh plea in Supreme Court questions expert committee panel in Adani-Hind
Updated : 2 years, 5 months ago IST
The application highlights concerns about certain members of the existing committees, suggesting conflicts of interest. In March 2023, the Supreme Court established an Expert Committee to investigate allegations made against the Adani Group in the Hindenburg Report and examine potential regu
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Banks recovered over Rs 10 lakh crore from defaulters in past 9 years: Cen
Updated : 2 years, 7 months ago IST
Minister of State (MoS) Finance Bhagwat Karad informed Parliament that banks in India have recovered non-performing assets worth Rs 10.16 lakh crore on an aggregate basis in the past nine years.
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Indian GDP growth reaches 7.2 per cent, indicates impact of banking clean-
Updated : 2 years, 9 months ago IST
New Delhi [India], June 14: The stability of economies across the world saw wide-ranging volatility throughout the previous decade of the 2010s. Branching off from the above turbulent times, the banking sector in India had found itself in precarious times since the mid-2010s which sparked an
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