The rising awareness of life insurance as a protection product is giving strong traction to the sector
The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.
She also said that she held discussions with credit rating agencies on their methodology to assess risk
The state of affairs in the banks had less to do with procyclicality and more to do with politically induced reckless lending to dodgy borrowers.
Results of SBI, ICICI Bank and Axis Bank indicate respite in formation of fresh bad loans; resolution and recoveries will be important for the trend to sustain
The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions
While NPA ratios have sharply moderated in the past two years, they are still way ahead of pre-AQR days
State-run banks' standard restructured advances fell to Rs 0.34 trillion by Q3FY19
There were projects which needed fresh capital, new management and new promoters, but banks were wary of raising their commitments to stressed accounts