Finance Minister Nirmala Sitharaman stated that Indian banks remain healthy, strong, and resilient despite global banking turmoil. She highlighted the recovery of Rs 33,801 crore from wilful defaulters by March 31, 2023, and efforts to combat defaults. Sitharaman emphasized the decline in NPAs and rising profit margins in Indian banks, contrasting with bank collapses in other countries.
Read more about Not an expert : SC declines to pass order on loan moratorium amid Covid on Business Standard. The top court said the courts are not experts in financial matters
Read more about Yes Bank board approves plan to raise up to Rs 10,000 cr via debt on Business Standard. Yes Bank on Thursday received board approval for raising up to Rs 10,000 crore by issuing debt securities.