77% banks report decline in NPA levels over past six months: Survey
All the participating public sector banks (PSBs) cited a reduction while 67 per cent of the private sector banks also reported a decrease.
All the participating public sector banks (PSBs) cited a reduction while 67 per cent of the private sector banks also reported a decrease.
Kotak Mahindra Bank on Saturday said it closed the second quarter of FY24 with higher net profit of Rs 3,190.97 crore.
Expanding the scope of resolving the issue of non-performing assets (NPA) to other regulated entities, extending the time for Urban Cooperative Banks (UCB) to achieve the target for priority sector lending, internationalisation of Rupay cards are some of the major decisions of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC).
The BJP strongly condemns the closure of NPA and demands the government to restore it at the earliest, said the party's chief spokesperson.
Digital economy today is a great strength of our economy, of our startup world, of Make in India and of self-reliant India, said Modi.
The gross non-performing assets (NPA) of the banks are expected to improve 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by next fiscal, rating agency CRISIL said in a release.
This is already playing out over the last two and a half years, as the NIM has already expanded from 1.84 percent pre-merger to 5.09 percent in Q4 FY 21 and further to 5.51 percent in Q1 FY 22.
The PCA comes after the RBI carried out an on-site inspection of the Bank on March 31 under Risk-Based Supervision.
DHFL's BSE filing on September 12, reported default of Rs 196.65 crore towards Rs 350-crore worth of NCDs issued by it.
Those charged by SFIO include former IL&FS Vice Chairman Hari Sankaran and former IFIN MD Ramesh Bawa, both of whom are under arrest.