Finance minister Nirmala Sitharaman on Wednesday said that she has asked state-run banks to step up credit flow and hold outreach programmes across India from October to give further momentum to the governments stimulus packages.
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Punish me, but absolve EC of doubts: Rajiv Kumar in affidavit that couldn t be filed
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Punish me, but absolve EC of doubts: Rajiv Kumar in affidavit that couldn t be filedPTI
Last Updated: May 07, 2021, 05:52 PM IST
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Sources said Kumar had proposed to file this affidavit in response to observations made by the Madras High Court that the poll panel was singularly responsible for the surge in COVID-19 cases and murder charges be put on its responsible officers.
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Kumar underlined the fact that many of those working for the elections have lost their near and dear ones during their period of duty.
Banks likely to see gross NPAs rise nearly 10% by year-end: Report
Banks likely to see gross NPAs rise nearly 10% by year-end: Report
A report by ICRA expects banks’ gross NPAs (excluding write-offs) to rise 9.6-9.7 per cent by March 31, 2021. The rating agency further predicts GNPAs to rise over 10 per cent by March 31, 2022. The sharp rise in GNPAs will severely deteriorate banks’ asset quality, spread over FY21 and FY22.
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UPDATED: April 6, 2021 11:50 IST
The sharp rise in NPAs could put the banks under serious pressure. (Photo: Reuters/Representational image)
Even as the economy emerges from last year’s critical slump, the trouble for India’s banking sector is far from over. The reason behind this is the large pool of bank loans that have been put under the “overdue categories” after customers opted for moratoriums and restructuring of loans.
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