Union Minister of State for Finance Pankaj Chaudhary, in a written reply to the Lok Sabha on Monday, said that in terms of outstanding education loans, the Gross Non-Performing Assets (NPA) of Public Sector Banks (PSBs) reduced from 7% in FY 2020-21 to 2% in FY 2024-25, thereby showing the s
Union Home and Cooperation Minister Amit Shah on Monday said that India has achieved remarkable success in strengthening its cooperative banking sector, with Non-Performing Assets (NPAs) reduced from 2.8 per cent to just 0.06 per cent over the past two years.
Speaking at a program hosted by the 'Financial Express: India's Best Banks Award' in Mumbai, Maharashtra, Shah stated, "After 2014, under the leadership of Prime Minister Modi, significant banking sector reforms were introduced. At that time, nearly 60 crore Indians did not have even a si