The government said action has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to bad loans
In March last year, PTI quoting finance ministry officials, reported that the government want to create 4-5 global sized lenders.
Financial Performance of Public Sector Banks as on 31st Mar 2018
Public Sector Banks Gross NPA
Already facing the heat due to ballooning NPAs, this development is most unwelcome.
The finance ministry has asked public sector banks (PSBs) to explore options for selling and swapping of loan assets with other lenders with a view to strengthen their balance sheets.…
Banks’ gross NPA ratio may increase to 10.8 per cent by March 2018 and further to 11.1 per cent by Sep2018
Information utilities store financial information to help establish defaults and verify claims expeditiously
The bank had a net non-performing assets ratio of 10.24 percent as of end-September.
Reserve Bank of India (RBI) take another measure in its fight against the growing threat of non-performing assets (NPA) in the banking sector by revealing the actions it will take…