Search For "npa"
Indian banks expected to see loan growth of 12-14 per cent in FY26: Report
Updated : 12 months ago IST
Indian banks are expected to register loan growth of 12-14 per cent in the financial year 2025-26 (FY26), driven by an increase in deposit inflows, according to a report by Ambit Capital Research.
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"Only government in history to steal mangalsutras from women": Jairam Ram
Updated : 1 year, 2 months ago IST
Referring to reports of a surge in gold loan NPAs, Congress leader Jairam Ramesh on Thursday hit out at Prime Minister Narendra Modi over his jibes at the party during the Lok Sabha election campaign and said his government has earned "the dubious distinction of being the only government to
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PSBs achieve Rs 1.41 lakh crore net profit; GNPA drops to 3.12 per cent
Updated : 1 year, 3 months ago IST
Indian Public Sector Banks (PSBs) have recorded their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said in a release on Sunday.
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SCBs see a sharp drop in NPA ratio, falling to 2.67% in June 2024 from 11.
Updated : 1 year, 3 months ago IST
The gross nonperforming assets (NPA) ratio for scheduled commercial banks (SCBs) witnessed a significant reduction to 2.67 percent in June 2024 from 11.18 percent in March 2018, the Finance Ministry stated on Saturday.
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Gross NPA of public sector banks declined to 3.1% from peak of 14.6% in Ma
Updated : 1 year, 3 months ago IST
The Gross NPA ratio of public sector banks has declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the government said in a statement Thursday, reaffirming the good health in the banking system.
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FM Sitharaman urges regional rural banks to onboard customers to digital s
Updated : 1 year, 3 months ago IST
Union Finance Minister Nirmala Sitharaman has urged Regional Rural Banks (RRBs) to onboard rural customers to digital services such as Internet Banking, Mobile Banking, and UPI.
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Public Sector Banks records strong performance in 1st half of FY25
Updated : 1 year, 4 months ago IST
The Indian Public Sector Banks (PSBs) reported a robust performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year growth, the Ministry of Finance said on Tuesday.
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Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of Ju
Updated : 1 year, 6 months ago IST
The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent year-on-year (y-o-y) to Rs 4.57 lakh crore as of Q1FY25, compared to Rs 5.66 lakh crore in the same period last year.
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India's Financial Services need to grow 20X to achieve $30 trn GDP by 2047
Updated : 1 year, 6 months ago IST
Despite the robust current state of India's banking system--characterized by high profitability, strong capital adequacy, and low non-performing assets (NPAs)--the sector faces challenges and opportunities to sustain its growth and support national economic ambitions.
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Independence Day 2024: Road to Reform is Blueprint for Growth, says PM Mod
Updated : 1 year, 7 months ago IST
"The banks were in trouble, we made several reforms and today our banks are counted among the strongest banks in the world. This increases the strength of the formal economy," said PM Modi.
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PSU banks' gross non-performing assets showed a declining trend over the l
Updated : 1 year, 7 months ago IST
The gross NPAs (GNPA) of SCBs have shown a declining trend over the past five yeaRs As of March 31, 2020, the GNPA stood at Rs 8,96,082 crore, with a GNPA ratio of 8.21 per cent. By March 31, 2021, this figure had decreased to Rs 8,35,051 crore (GNPA ratio of 7.33 per cent), and further down
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SBI records net profit of Rs 17,035 cr with increase in operating profit b
Updated : 1 year, 7 months ago IST
The operating profit for the quarter saw a more significant rise, increasing by 4.55 per cent YoY to Rs 26,449 crores. The bank's Return on Assets (ROA) and Return on Equity (ROE) stood at 1.10 per cent and 20.98 per cent respectively, underscoring the bank's efficient management and profita
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