Today news
About the same in other media
Public sector banks confident of withstanding macro shocks, says govt
Reading now: 956
banking sector, the finance ministry said on Thursday. The asset quality of India's state-run banks has improved with gross non-performing assets — the measure of a bank's bad loans — at 4.97% in March 2023, the ministry said in a statement released after a meeting between the finance minister and heads of various state-run banks.
The finance minister has asked banks to ensure there is a fair and transparent recognition of non-performing assets and to take steps to improve deposits, the ministry added. The government has also asked banks to increase credit to the rural and agricultural sector and ensure so-called priority sector lending targets are achieved across all sub-categories, according to the ministry's statement.
Read more on economictimes.indiatimes.comAbout this in other media
PSBs lent ₹4,12,227.10 crore to public sector in 2022-23: FM livemint.com /1 year ago
Scandal-plagued to record profits: PM Modi praises banking sector’s transformation livemint.com /1 year ago
Public sector banks earlier known for huge losses, NPAs; now for record profits: PM Modi economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
