Gross Non-Performing Assets of SCBs down; but projections for 2022 cry for attention

Gross Non-Performing Assets of SCBs down; but projections for 2022 cry for attention

The Gross Non-Performing Assets (GNPA) of Scheduled Commercial Banks (SCB) has dropped to 6.9 per cent by September 2021 end, which was 7.3 per cent as of March 2021. Bad debts set to rise up to 8.1 per cent by September 2022 under the baseline scenario and to 9.5 per cent under a severe stress scenario. The Gross Non-Performing Assets (GNPA) reported by the Scheduled Commercial Banks (SCB) has […]

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Climate Financing, India Holds Promise for Rest of the World

Climate Financing, India Holds Promise for Rest of the World

India, like many of its peers in the developing world, has been facing the brunt of climate change. India estimated to have lost USD 87 billion last year due to climate events such as tropical cyclones, floods and droughts, according to the World Meteorological Organization (WMO). Worse, Indian companies could lose about USD 100 billion over the next five years from the risks posed by […]

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