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.
Referring to TMB's deposit base of Rs 41,000 crore and advance portfolio of Rs 32,000 crore, Sitharaman said: "If that is the rapidity with which you are using the money to make more businesses work, it is possible to be more efficient if you adopt complete technology related solutions."
The brokerage firm preferred SBI and other large private banks to play a major role in corporate recovery cycle.
Even the much-hyped IBC’s recovery track record is not that impressive which should cause a great deal of concern considering the reform agenda behind its coming into existence. One big question bothers a lot: where are we heading with an average hair cut of 70 to 75 per cent? Things are no better with the advent of forensic audits since auditors are made to deal with lack of cooperation from parties and banks
On basic savings bank deposit (BSBD) accounts, including Jan Dhan accounts, the government informed that no service charge is applicable on the 60.04 crore BSBD accounts, including 41.13 crore Jan Dhan accounts opened by the poor and unbanked segments of society, for the free services prescribed by the Reserve Bank of India.
We would do well to shun our pursuit of the extraordinary, to the detriment of the ordinary. Let us set simple goals for ourselves, to be achieved at our natural pace; the first one being that no man should sleep hungry or stay permanently unhappy
