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 labour ministry issued the notification on April 17 against the backdrop of the coronavirus pandemic
The provision coverage ratio (PCR) of the banks for bad loans have also risen to 70 per cent from 46 per cent after the asset quality review (AQR) last year.
The chartered accountants on Monday rued the deficiencies in audit of banking sector in the country. “We had submitted a…
Massive sell-off in banking sector stocks pulled the key Indian equity indices — S&P BSE Sensex and NSE Nifty50 —…
Subsequent decline in credit-deposit ratio of 44.60 per cent in Himachal Pradesh is a major concern for banking sector and…
