Since FY15, banks write off Rs 6.66 lakh crores

NPA & Write OffApprox Read Time: 5 minutes NPA & Write Off In News: A government data has released write-offs by 76 public sector, private and foreign banks operating in the country. News Summary: According to the data, the scheduled commercial banks (including public sector and private banks) have cumulatively written-off an amount of Rs 6.66 lakh crore in the five years since 2014-15 till September 2019.This number is double…

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Economic Bytes: Decline in NPAs after 7 years

Decline in NPAs after 7 years Approx Read Time: 8 minutes In News: (Decline in NPAs after 7 years) The Reserve Bank of India (RBI) has released its Report on Trend and Progress of Banking in India 2018-19. Progress Report: RBI Asset quality of scheduled commercial banks (SCBs) turns around after 7 years. Sector returned to profitability on declining provisioning need in H1 FY20. Recapitalization helped PSBs shore up capital…

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Economic Bytes: Boosting The Economy

PSBs disbursed over Rs 2.5 Lakh Crore loans in October - (Boosting The Economy) Approx Read Time: 3 minutes In News: Public sector banks (PSBs) disbursed loans totalling Rs 2.53 lakh crore in October as part of the massive outreach programme. Background: The RBI has cut interest rates five consecutive times to boost growth but banks have been slow in passing the benefits of rate cuts to customers. The government…

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Economic Concerns: Banking Sector Perfomance Analysis

Rs 80,000 crore fall in bad loans for PSBs, Private banks see NPAs rise by Rs 6,000 crore - (Banking Sector Perfomance Analysis) Approx Read Time: 5 minutes Banking Sector Perfomance Analysis In News: (Banking Sector Perfomance Analysis) The banking sector, led by public sector banks, has seen a 5 percent fall in bad loans, or gross non-performing assets (NPAs) from Rs 9,92,964 crore in the second quarter of last…

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Economy Revival: (Bank Merger)

Published on 06-Sept-2019 Is Bank merger good or bad? Approx Read Time: 4 minutes Issue: While the deposits were coming in, these were not really being put to work. Most of the PSBs were left doing little other than the mandatory priority sector lending, and today, are slowly becoming irrelevant in the loan market. Banks have been ceding share to their private-sector competitors, both in the loans and deposits markets.…

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