Tag: non-performing assets

What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans

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What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans

New Delhi: Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets – post the global financial crisis – on Indian banks’ books, former Reserve Bank chief Raghuram Rajan said Wednesday in an interview with an online newspaper. Mr Rajan, the RBI Governor from 2013 to 2016, said…

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Nation

Women business correspondents help cut NPAs of self-help groups

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Women business correspondents help cut NPAs of self-help groups

A file photo of Rural Development Minister Giriraj Singh  | Photo Credit: PTI At a time when the gross Non-Performing Assets (NPAs) of the public sector banks is at 5%, the corresponding figure for the loans taken by women Self-Help Groups (SHGs) is 1.6%, coming down from 9.58% in 2014. This significant cut in NPAs…

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Business

Data | Bad loans at a record low, but write-offs still in the mix

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Data | Bad loans at a record low, but write-offs still in the mix

Between 2016 and 2019, the NPA ratio remained high. It began to decline later and continued to do so even during the pandemic. Just four years ago, Indian banks’ non-performing assets (NPA) ratio was the worst among most emerging economies. NPAs are bad loans which the borrower is not in a position to repay at…

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Business