Public sector banks’ non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. The finance minister informed the House that the NPA for public sector banks on Mudra loans has decreased to 3.4 per cent in the financial year 2023-24. She further said Mudra loan …
The Allahabad High Court recently quashed an Uttar Pradesh government order denying revised NPA benefit to provincial medical service doctors retired prior to 24 August 2009 and directed it to refund the NPA amount recovered in pursuant to Government order, within a period of three months. They all were aggrieved by the Government orders dated July 14, 2020 and September …
The Confederation of Indian Industry has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performing assets accumulated by public sector banks in the recent past, and which have got further accentuated during the pandemic. In its pre-budget memorandum submitted to the government, the industry body has recommended the government to consider enabling …
The interest rates have started dropping, but they need to drop even further if the banks have to come around without too much pain, veteran banker KV Kamath tells Network18 Group Editor-in-Chief Rahul Joshi in an exclusive interview. Veteran banker KV Kamath on Tuesday in no uncertain terms made it clear that “the only way a bank can survive is …
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