Tag: indian banking sector

Modi government turned around banking sector by enforcing reforms and improving governance, says FM Nirmala Sitharaman 

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Modi government turned around banking sector by enforcing reforms and improving governance, says FM Nirmala Sitharaman 

Union Finance Minister Nirmala Sitharaman. File | Photo Credit: GIRI KVS Finance Minister Nirmala Sitharaman on May 31 said the Modi Government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than ₹10 lakh crore from bad loans between 2014 and 2023. She said the…

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Asset quality issue at Indian banks subsiding, boosting banks’ appetite for growth: Fitch

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Asset quality issue at Indian banks subsiding, boosting banks’ appetite for growth: Fitch

Asset quality pressures from the previous credit cycle are subsiding, creating a favourable business environment for banks in India. File | Photo Credit: Reuters Fitch Ratings, on May 13, said Indian banks’ risk appetite through higher loan growth will remain a key consideration for their creditworthiness despite improved financial performance. It said asset quality pressures…

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