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Net interest income rose 11.5% at 915 crore. Its gross non-performing assets ratio improved to 1.73% at the end of September from 4.02% a year ago. Net NPA was 0.47% against 1.38%. Provision coverage ratio was at 94.49% as against 86.94% earlier. ....
The banking sector has made significant progress in addressing the NPA crisis representing a shift towards a more transparent and responsible financial future. ....
A pioneer in the country’s credit cards space, Citi saw its outstanding credit cards decline from 26 lakh a year ago to 25 lakh by the end of February. ....
Updated Jan 24, 2021 | 22:17 IST A bad bank, a concept which rose to prominence during the Great Financial Crisis of 2008, is essentially an aggregator of all stressed assets in the banking system India Revival Mission: Bad banks: An apt solution?  |  Photo Credit: BCCL New Delhi: The debate over bad bank is back in focus after RBI Governor Shaktikanta Das recently said the central bank has revived discussion of setting up one to tackle the NPA crisis. However, the jury is still out on whether India should consider that approach. The statement has come at a time when the concerns over rising bad loans is piling on and threatening to impede the nascent recovery in the economy after months of Coronavirus-induced lockdown. ....