non-performing assets (NPAs)

Banks Report High Credit Growth with Indian Economy Showing Stability

It is estimated that the Indian economy grew by 9.7% in the first half of 2022-23, significantly higher than China's 2.2%, the UK's 3.4% and the USA's 1.8%. The local banking sector is often a proxy to the trends in...

SBI Wrote Off Rs 1.65 Lakh Crore Loans in Last Four Fiscal Years

Banks have written off bad loans worth ₹ 10,09,511 crore during the last five financial years, Finance Minister Nirmala Sitharaman informed Parliament. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of...