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Banks’ net bad loans drop to 15-year low of 1%

Banks have ended FY23 with their balance sheets cleanest in 15 years. According to a report by India Ratings (Ind-Ra),

RBI has reported a sharp decline in gross non-performing assets (NPAs), or bad loans, in the banking system in the

Public sector banks could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in the

Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23

Background : During last few years, Reserve Bank of India (RBI) has been coming out with various initiatives like Scheme

Promoters defaulting over repayment of loans to the banks, settled their dues of around Rs 83,000 crores, in the fear

Former promoter of Aircel, C Sivasankaran, his son and companies along with heads of two public sector banks — Melwyn Rego of