Liquidity Woes
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
It highlighted that the Gross NPA ratio of scheduled commercial banks declined to 2.67 per cent (Rs 4.75 lakh crore) in June 2024 from 4.28 per cent from a peak of 11.18 per cent (Rs 10.36 lakh crore) in March 2018.
Addressing the joint sitting of Parliament, she said “Today, these reforms have made India's banking sector one of the strongest banking sectors in the world.”
Taking to X, the Prime Minister said, “In a remarkable turnaround in the last 10 years, India's banking sector net profit crosses Rs 3 lakh crore for the first time ever.”
Union Minister of State for Finance Bhagwat Karad on Monday urged the need to incorporate 'new voters' into the banking sector by opening their bank accounts.
The All India Bank Employees Association had on Saturday announced that it would observe two day's strike to oppose the move of the Central government.
Some policy changes may be required to rejuvenate the economy, the first being to remove the focus from big business and promote small enterprises, primarily, by reducing their burden of taxation. As of now, the tax structure favours the rich; the rate of taxation on firms and individuals is almost double the corporate tax rate.
Thakur said the government borrowings from market in FY 2020-21 jumped 57 per cent first quarter
The Court was constrained at different points of time to tell the government not to hide behind the Reserve Bank’s skirts, to express dissatisfaction at the stand taken by it and on 10 September to give the government a last chance to respond to borrowers’ woes.
Giving the Bandhan Bank's Anniversary Lecture, Subramanian said that the reason for the slowdown in the economy which started last year was due to problems in the banking sector, rather than the fallout of demonetisation and GST.
