Mumbai: India has not lived up to the high expectations and standards required of the banking system and the current trying times had finally forced a recognition of the non-performing assets (NPA), or bad loans, situation and the need for a move to resolve the problem, acting Finance Minister Piyush[Read More…]
Tag: non-performing assets
Credit deployment still negative in most sectors: Assocham
New Delhi: Most Indian industry sectors have reported negative growth in deployment of gross bank credit, a fallout of banks’ inability to lend being saddled with mammoth non-performing assets (NPA), or bad loans, coupled with lack of appetite for fresh investment by highly indebted corporate India, industry body Assocham said on[Read More…]