Banks' gross NPA ratio hits multi-year low of 2.8%
Indian banks have been boosted by rising profitability and declining non-performing assets.
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Does leap year spell doom for Nifty, Sensex in 2024?
Volatility has been the hallmark of leap years since the onset of this millennium
Banks' NPAs drop to 10-year low in March
Profit of Indian lenders grew 38.4% in 2022-23, led by strong growth in net interest income and significant reduction in provisions
Budget 2023: NPAs declining from FY18 peak
In FY22, scheduled commercial banks recovered ₹92,564 crore via multiple channels such as Lok Adalats, Debt Recovery Tribunals, IBC, and SARFAESI Act.
Banks wrote off ₹10 lakh cr in last 5 yrs: FM
FM Nirmala Sitharman says PSBs also recovered ₹4,80,111 crore, including a recovery of ₹1,03,045 crore from written-off loans, during this period.
Economy on mend, inflation, spillovers pose challenge: RBI
RBI says global economic outlook is shrouded by uncertainty due to Russia-Ukraine war, front-loaded monetary policy normalisation and multiple Covid-19 waves
RBI transferred ₹1.14 lakh cr to contingency fund in FY22
RBI’s income for 2021-22 increased by 20%, while expenditure grew a whopping 280%; transferred surplus worth ₹30,307.45 crore to govt.
