Npa  

Reports from the survey by FICCI and IBA indicate that the public sector banks are overseeing NPAs better than their rivals, private sector banks. In the last six months, all the public sector banks noted a drop in the NPAs, whereas only 67% of private banks cited a decline, while 10% reported a surge. 

UPI is a popular mode of payment for most Indians. This digital payment method is helping India grow to newer heights. PhonePe follows a similar policy to Google Pay. Transactions up to one lakh rupees can be made without a specified limit on number of transactions.

Former RBI Governor Urjit Patel has written a book titled ‘Overdraft – Saving The Indian Saver’. The book is scheduled to release on July 24.

SBI chairman Rajnish Kumar said that both  gross non-performing assets (GNPA) and non-performing assets (NPA) are expected to decline by March 31, 2020

Defence Minister Rajnath Singh's statement about maintaining the integrity and security of India has irked Pakistan big time. Pakistan is really offended at a statement made by Rajnath Singh. If you don't believe me just check this out.

Former general secretary of the Samajwadi Party, Amar Singh has made serious allegations against former finance minister P Chidambaram, blaming him for the current economic situation in India. He is seen telling former AICC president Rahul Gandhi on the alleged controversies of Chidambaram. Amar Singh’s video from the hospital is now viral on social media. 

The act of waiving off loans affects not only the banks and taxpayers but also the farmers who are the intended beneficiaries of the populist dole. Once the farmers are told not to pay back the money they had borrowed, the banks wait for the government to reimburse the money that has been forsaken. This money arrives after many years. Until then, banks are reluctant to disburse further loans to farmers, with the apprehension of not being able to recover the amount. Finally, when the banks get the money from the government, it is taken from the tax collections: that is, from people who had not taken the loan in the first place!

The bank posted a net profit of Rs 908.88 crore for the three months ended September 30 compared to Rs 2,058.19 crore in the year-ago period. Profit was marginally lower than the ₹949.30 crore estimated by experts

the CBI is unaware of the movements of Nitin Jayantilal Sandesara, owner of Gujarat-based Sterling Biotech group and key accused in a case of Rs 5,300-crore bank loan fraud