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Source: Live Mint In the last few years, the share of non-performing assets (NPAs) in Kisan Credit Card (KCC) accounts across various banking sectors has consistently declined, Union Agriculture Minister Shivraj Singh Chouhan has said. In a written reply to a question in the Lok Sabha, Chouhan said when it comes to scheduled commercial banks…
Source: Live Mint Credit card usage has undoubtedly risen considerably in the past few years, primarily steered by increased consumer spending and the growing popularity of digital payments. However, non-performing assets (NPAs) in the credit card segment also spiked by 28.42 per cent to ₹6,742 crore during the 12-month period ended December 2024, the latest…
Source: Live Mint MUMBAI, Dec 26 (Reuters) – Indian banks’ financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Banks’ gross non-performing assets ratio (NPA), or the proportion of bad assets to…
Source: Live Mint In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have…
Source: Business Standard 4 min read Last Updated : Oct 11 2024 | 10:53 AM IST Bandhan Bank share price surged 9 per cent to Rs 204.90 on the BSE in Friday’s intraday trade after the private sector lender received approval from the Reserve Bank of India (RBI) for the appointment of Partha Pratim Sengupta…
