Write-offs in scheduled industrial banks have decreased during the last 5 years to only over ₹1.70 lakh crore on the finish of FY 2023-24 from over ₹2.34 lakh crore in FY 2019-20, reflecting a decline of greater than 27 per cent, knowledge offered within the Lok Sabha confirmed. Information additionally defined that, barring FY23, all … Read more
With enhancing asset high quality, the GNPA (gross non-performing asset) ratio of scheduled business banks (SCBs) is projected to enhance from the anticipated 2.5-2.7 per cent in FY24 to 2.1-2.4 per cent by FY25 finish, in line with CareEdge Scores. Additionally learn:Banks’ GNPAs set to enhance additional to 2.1 per cent by FY25: Report This … Read more
The share of time period deposits in scheduled industrial banks (SCBs) complete deposits elevated to 60.3 per cent in December 2023 from 57.2 per cent in March 2023, in response to RBI’s quarterly knowledge. Additionally learn: RBI on ₹2000 withdrawal: Whole worth of banknotes in circulation declined to ₹8,470 crore by Feb-end Rising return on … Read more