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A Turnaround for Banks: Credit Growth, NPAs and MSME Sector Revival Syllabus: GS 3: ● Banking and Economy ● Economic policies and interventions Why in the News? Recent trends indicate a decline in gross non-performing assets (NPAs), especially in unsecured retail and MSME sectors, enabling a shift in credit dynamics across Indian banks. While overall …
Read MoreSPECIAL TEAMS TO TACKLE HIGH-VALUE DEFAULTED LOANS OF PSBs Why in the News? Government push: The Ministry of Finance has asked Public Sector Banks (PSBs) to set up special teams for high-value defaulted loan recovery (₹100 crore+). Resolution focus: Banks must reidentify top 10 stressed assets for priority resolution under CEO-level supervision. Performance backdrop: PSBs’ …
Read MoreWhy in the news? The Reserve Bank of India’s Financial Stability Report for June 2024 highlights that the gross non-performing assets (GNPA) ratio of scheduled commercial banks reached a 12-year low of 2.8% in March 2024. The GNPA ratio is projected to further improve to 2.5% by March 2025, based on macro stress tests assessing …
Read MoreWhy in the news? India Infrastructure Finance Company Ltd (IIFCL) aims for 18% growth in FY25. Targets to achieve zero net non-performing assets (NPAs) within the current financial year. source:freshersnow About Non-Performing Asset (NPA): Definition: A loan overdue for 90+ days, affecting various loan types. Impact: Reduces bank income, profitability, lending capacity, and increases loan …
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