Commercial banks' NPAs reduced by over 1 lakh cr over last year: Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman Friday said NPAs of commercial banks have reduced by over 1 lakh crore over the last year, a record recovery of over 4 lakh crore . This has been possible due to IBC and other measures effected over the last four years, she said. The provision coverage ratio is now at its highest in seven years and domestic credit growth has risen to…
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Urjit Patel blames UPA, RBI for NPA mess

Kolkata: Former Reserve Bank of India Governor Urjit Patel has blamed UPA Government for not fully playing its role as principal shareholder and manager of economy’s health to maintain balanced credit lending growth before 2014. “How did we get here? Plenty of…