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The report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system. ....
Global and local distressed asset investors are considering buying some of State Bank of India s bad loans. The bank has identified 331 non-performing assets with a total value of $11.6 billion. The move comes as Indian lenders have increased efforts to identify and sell distressed assets following transparency and efficiency reforms. SBI had put up 150 distressed assets worth $5.3 billion for sale in the previous financial year. ....
The RBI’s RTI reply to The Indian Express says that loan write-offs by banks rose to Rs 209,144 crore during the fiscal ended March 2023 as against Rs 174,966 crore a year ago in March 2022 and Rs 202,781 crore in March 2021. ....
After announcing results for the June-September quarter earlier this month, the bank said it expects credit growth of 14%-16% for the current financial year as it steps up efforts to attract deposits. ....