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
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