Tag: Banks

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

Posted: January 6, 2022 at 10:35 am | Author: Manish Marwah

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 […]

Small businesses facing financial crunch as banks become wary of lending

Posted: January 29, 2020 at 10:06 am | Author: Manish Marwah

Small businesses are facing financial crunch as banks and non-banking financial companies are becoming wary of lending to them amid slowing consumption, weak economy and likelihood of rising bad loans. According to a data released by the Reserve Bank of India (RBI), gross loans extended to the medium, small and micro enterprises (MSME) fell 3.43% […]