The surge in unsecured lending, fuelled by the rise of instant loan apps, has created a debt trap for many borrowers, leading to a corresponding increase in NPAs for banks. #NPA #banking Read more »
Banks have written off Rs 2.09 lakh crore in bad loans in 2022-23; bankers say NPA write offs, compromise settlements no solution. #NPA #badloans #RBI #banking Read more »
India's NPA crisis is far from over, with the government and RBI struggling to find a solution for the bad loans problem and to protect depositors. #wilfuldefaulters #IndiaNews #banking #NPA #PSB Read more »
As resolutions under IBC 2016 and the SARFAESI Act 2002 involve major haircuts, banks and the RBI may look at tighter NPA guidelines. Read more »
One cannot ignore the fact that even at the lowest levels in six years, the NPA level of the Indian banking system is much higher than other large economies. Read more »