Search For "npas"
Retail loan stress may push NPAs higher in H1FY26: CareEdge Ratings
Updated : 9 months ago IST
Non-performing assets (NPAs) in India's banking system are likely to increase slightly in the first half of FY26, mainly due to rising stress in the retail loan segment, particularly unsecured personal and microfinance loans, according to a report by CareEdge Ratings.
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Technology Startup 'Resollect' Secures Funding to Transform India's Debt R
Updated : 9 months, 1 week ago IST
New Delhi [India], June 5: NPAs have been impacting the growth and profitability of India's banking sector. With more than 80% of SARFAESI cases disputed by borrowers and recovery timelines running into several years, financial institutions have been stuck in an inefficient loop that technol
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Public Sector Banks Embrace AI-driven Debt Collection with Spocto X, Boost
Updated : 11 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], April 3: Public Sector Banks (PSBs) are rapidly embracing AI-powered digital solutions to revolutionize debt collections, driven by the urgent need to reduce Non-Performing Assets (NPAs) and enhance recovery outcomes. Leading this transformation is Spocto X-a Yu
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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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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, 5 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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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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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.
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Indian banks are better placed with strong balance sheet, low NPAs and hig
Updated : 1 year, 9 months ago IST
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia), a capital markets and in
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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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