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Points associated to fraud and wilful defaulters and progress on the Nationwide Asset Reconstruction Firm Ltd (NARCL) additionally got here up for dialogue, they mentioned.
That is the in all probability final full assessment assembly earlier than the presentation of Funds 2024-25 and common elections later subsequent yr.
On the efficiency entrance, PSU banks have earned a internet revenue of about Rs 68,500 crore throughout the first six months of the present monetary yr.
Throughout 2022-23, it mentioned banks’ steadiness sheets grew at a wholesome tempo, with each deposits and credit score development accelerating.
The Gross Non-Performing Belongings (GNPA) ratio of Scheduled Business Banks (SCBs) fell to a decade low of three.9 per cent on the finish of March 2023 and additional to three.2 per cent in September. As per the report, the development in asset high quality of banks that started in 2018-19 continued throughout 2022-23. The GNPA ratio stood at 3.2 per cent within the April-September interval of the present fiscal. NARCL, a authorities entity, was integrated in 2021 with a majority stake held by Public Sector Banks (PSBs) and the steadiness by non-public banks. Canara Financial institution was the sponsor financial institution.
It’s registered with the Reserve Financial institution of India as an asset reconstruction firm underneath the Securitisation and Reconstruction of Monetary Belongings and Enforcement of Safety Curiosity Act, 2002.
Earlier this month, the finance ministry held a assessment assembly with heads of PSBs and requested them to observe all circumstances, particularly the highest 20 Insolvency and Chapter Code circumstances as a part of the administration of their dangerous belongings.
Throughout a gathering with managing administrators and CEOs of PSBs, Monetary Providers Secretary Vivek Joshi requested them to assessment the highest 20 circumstances month-to-month for his or her decision.
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