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  1. Reduction in bad loans to 12-year low will help maintain growth momentum: RBI report

    Reduction in bad loans to 12-year low will help maintain growth momentum: RBI report

    Mumbai, Decline in banks' non-performing assets to a 12-year low of 2.8 per cent and strong GDP numbers will help sustain growth momentum and withstand global shocks, the Financial Stability Report (FSR) said. ) from the Reserve Bank published on Thursday.Real gross domestic product (GDP) rose...
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    • Category: Business & Economy
  2. Indian economy, banks remain strong and resilient: RBI

    Indian economy, banks remain strong and resilient: RBI

    With improved balance sheets, the country's banks and financial institutions are supporting economic activity through sustained credit expansion, according to the RBI's Financial Stability Report released on Thursday.The gross non-performing assets (GNPA) ratio of scheduled commercial banks...
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    • Category: Business & Economy
  3. With improved balance sheets, banks are supporting credit growth: RBI financial stability report

    With improved balance sheets, banks are supporting credit growth: RBI financial stability report

    New Delhi [India], The global economy currently faces significant risks arising from ongoing geopolitical tensions, high levels of public debt and slow progress in reducing inflation, according to the Bank's 29th Financial Stability Report (FSR). Reserve Bank of India (RBI). released on...
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  4. Financial system remains resilient, gross NPAs of banks fall to multi-year low of 2.8 per cent: RBI report

    Financial system remains resilient, gross NPAs of banks fall to multi-year low of 2.8 per cent: RBI report

    Mumbai, Indian economy and financial system remain strong and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end of March 2024, the RBI said in its June Financial Stability Report (FSR).The gross non-performing assets (GNPA) ratio of...
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    • Category: Business & Economy
  5. "India's domestic financial system is now in a very strong position": RBI Governor

    "India's domestic financial system is now in a very strong position": RBI Governor

    In Mumbai (Maharashtra) [India], RBI Governor Shaktikanta Das said on Thursday that the Indian financial system is in a "much stronger position", characterized by strong capital adequacy, low levels of non-performing assets and healthy profitability of banks and non-financial companies. -bank...
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  6. Asset reconstruction companies not working as per their mandate for reconstruction and recovery of stressed assets: RBI

    Asset reconstruction companies not working as per their mandate for reconstruction and recovery of stressed assets: RBI

    Mumbai (Maharashtra) [India], The Reserve Bank of India has expressed concern over the functioning of the Asset Reconstruction Companies (ARCs), as the ARCs are not functioning as per their mandate for reconstruction and recovery of assets. RBI Deputy Governor Swaminathan Janakiraman says ARCs...
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  7. Indiabulls Housing Finance's Q4 profit rises 21% to Rs 319 crore

    Indiabulls Housing Finance's Q4 profit rises 21% to Rs 319 crore

    New Delhi, Indiabulls Housing Finance Ltd on Friday reported 21 per cent rise in net profit at Rs 319 crore for the March quarter.The mortgage firm had reported a net profit of Rs 263 crore in the year-on-year period.Indiabulls Housing Finance said in a regulatory filing that its revenue...
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  8. IREDA records 45 percent rise in net profit to Rs 1,252 crore for 2023-24

    IREDA records 45 percent rise in net profit to Rs 1,252 crore for 2023-24

    The country's largest pure-play green financing NBFC also said it has reduced its net non-performing assets (NPAs) from 1.66 per cent in FY 2022-23 to 0.99 per cent in FY 2023-24 from 40.52 per cent. Shows a significant decrease. Year-on-year percentage.IREDA's loan book has grown by 26.81 per...
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