Bank of Maharashtra on top in NPA management in the last financial year
[ad_1]
copy photo
google creative commons
If we look at the annual data of banks, it is known that this is the lowest ratio of bad loans not only among public sector banks but among all banks with an annual business of more than three lakh crore rupees. In this case, HDFC Bank is ranked after the public sector bank of Pune.
Bank of Maharashtra (BoM) has performed best in the last financial year 2022-23 in the management of non-performing assets (NPAs) or bad loans. The net NPA of BoM has come down to a low of 0.25 per cent in the last financial year. If we look at the annual data of banks, it is known that this is the lowest ratio of bad loans not only among public sector banks but among all banks with an annual business of more than three lakh crore rupees. In this case, HDFC Bank is ranked after the public sector bank of Pune. By the end of the last financial year, HDFC Bank’s net NPA stood at 0.27 percent.
It was followed by Kotak Mahindra Bank with 0.37 per cent. Among public sector banks, BoM was followed by the country’s largest lender State Bank of India (SBI). By the end of March 2023, the net NPA of SBI has come down to 0.67 percent. Bank of Baroda’s net NPA stood at 0.89 percent. In terms of credit growth, BoM stood first among scheduled commercial banks with a growth of 29.49 per cent. It was followed by Indian Overseas Bank with 21.28 per cent. IndusInd Bank is at the third position with 21 per cent loan growth. Whereas SBI’s loan growth was 15.38 percent in the last financial year.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
