Tag: banking sector

Banks’ NPA ratio likely to fall to 5-5.55% by March 2024: S&P Global

Banks’ NPA ratio likely to fall to 5-5.55% by March 2024: S&P Global

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S&P Global Ratings on Thursday said non-performing loans of banks are expected to decline to 5-5.5% of the total advances by March 2024. As per the latest Financial Stability Report published by the RBI, the gross non-performing assets (GNPA) declined to a six-year low of 5.9% in March 2022. “We project the banking sector’s weak […]

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Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah

Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah

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Presently, the role of urban cooperative banks is negligible in the total banking sector in terms of deposit and advance payment, Amit Shah said Presently, the role of urban cooperative banks is negligible in the total banking sector in terms of deposit and advance payment, Amit Shah said Cooperation Minister Amit Shah on June 24 […]

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