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.
As per reports, nearly 15 subsidiaries and joint ventures of PSBs are being evaluated for potential initial public offerings (IPOs) or stake dilution in the coming years.
Uttar Pradesh Finance Minister Suresh Kumar Khanna, while advising public sector banks, said that they should not skimp in giving loans to meet the target of one trillion dollar economy of the state.
The Reserve Bank of India held a conference for the directors on the Boards of Public Sector Banks. The conference was held in New Delhi on Monday.
The scheme enrolled more than 1.19 crore new subscribers in 2022-23 as compared to 99 lakh in the last financial year, depicting a growth of more than 20 per cent.
Nirmala Sitharaman emphasised preparedness along with due diligence through adherence to the regulatory framework by focusing on risk management, and diversification of deposits and assets base.
Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25.
Since, FM presented the Budget on February 1, there has been no business in Parliament because of the continued logjam over the Adani issue.
The party pointed out that the Modi government forced to halt reckless PSU sale in the last 2 months alone, the government has been forced to halt its privatisation spree.
Sitharaman also conveyed to the bankers to continue supporting agriculture sector, farmers, retail sector and MSMEs.
