According to data released by the Reserve Bank of India, bank credit has grown by 13.2% in financial year 2018-19 as compared to 10.3% in the previous financial year. This growth was mainly driven by loans to services and retail sector. Further,deposit growth also gained momentum growing by 10% as compared to 6.7% a year… Continue reading Bank credit grows 13.2% in FY19
Tag: bad loan
NPA and Bad Bank
Context Finance Minister Piyush Goyal, has announced the formation of a committee to assess the idea of bad banks. What is NPA? NPA or Non-Performing Assets are loans or advances that are in default or are in arrears on scheduled payments of principal or interest, usually for a period of 90 days. Before the period… Continue reading NPA and Bad Bank
