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.
India’s banking sector is bracing for a significant challenge, with a leading global credit rating agency predicting a 25 per cent increase in non-performing assets (NPAs) over the next two fiscal years.
Answering supplementary questions, she said those enthusiastic about knowing the state of the banks’ NPAs, should know the heart of the problem was the ‘phone-banking’ carried on for 10 years in the UPA rule
In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.
Thakur said the government borrowings from market in FY 2020-21 jumped 57 per cent first quarter
The bank's gross NPA stood at Rs 1.72 lakh crore, 8.5 per cent down from Q3. Its net NPA was at 3 per cent, down 94 bps from Q3. Its gross NPA for Q4 stood at 7.53 per cent against 8.71 per cent reported in the corresponding quarter of the previous fiscal.
The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.
The rating agency says the decision will delay the resolution of non-performing loans
Former Finance Minister P Chidambaram on Sunday slammed Prime Minister Narendra Modi for his remarks about bad loans generated during UPA rule.
The Power Ministry had urged the RBI to extend the deadline by six months, but the central bank has rejected the extension request.
