Banking sector shows strong recovery, asset quality improves: Economic Survey
The Survey noted that the recovery rate in NPAs of Scheduled Commercial Banks (SCBs) rose from 13.2 per cent in FY18 to 26.2 per cent in FY25.
The Survey noted that the recovery rate in NPAs of Scheduled Commercial Banks (SCBs) rose from 13.2 per cent in FY18 to 26.2 per cent in FY25.
In his inspiring address, Mr. Kalyan Kumar spoke in detail about the Bank’s history, future vision, ongoing transformational initiatives, business growth, customer-centric excellence, and the roadmap for achieving targets in retail, agriculture, and MSME lending.
Bharuwa Solutions Pvt Ltd (BSPL) has launched an AI-powered, Multilingual (Bilingual) 360° Banking ERP System.
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
It highlighted that the Gross NPA ratio of scheduled commercial banks declined to 2.67 per cent (Rs 4.75 lakh crore) in June 2024 from 4.28 per cent from a peak of 11.18 per cent (Rs 10.36 lakh crore) in March 2018.
Thakur said the government borrowings from market in FY 2020-21 jumped 57 per cent first quarter
The Court was constrained at different points of time to tell the government not to hide behind the Reserve Bank’s skirts, to express dissatisfaction at the stand taken by it and on 10 September to give the government a last chance to respond to borrowers’ woes.
Giving the Bandhan Bank's Anniversary Lecture, Subramanian said that the reason for the slowdown in the economy which started last year was due to problems in the banking sector, rather than the fallout of demonetisation and GST.
The labour ministry issued the notification on April 17 against the backdrop of the coronavirus pandemic
The provision coverage ratio (PCR) of the banks for bad loans have also risen to 70 per cent from 46 per cent after the asset quality review (AQR) last year.
