Key Points
Mr. Karad in a written reply to Lok Sabha on March 20 informed of the reforms the government has undertaken to boost asset quality of public sector banks. NARANG..
The government has taken various reforms following which asset quality of public sector banks (PSBs) has improved significantly with the gross NPA (non-performing assets) ratio declining from the peak of 14.6% in March 2018 to 5.53% in December 2022, Parliament was informed on March 20...
All PSBs are in profit with aggregate profit being 66,543 crore in 2021-22, and that further increased to 70,167 crore in the first nine months of the current financial year, Minister of State for Finance Bhagwat K..
Replying to another question, Mr. Karad said the government since 2016 has given in-principle approval for strategic disinvestment of 36 cases of public sector enterprises (PSEs) and/or subsidiaries/ units/joint ventures of PSEs/ banks...
"Out of the 33 cases being handled by DIPAM, strategic disinvestment transactions have been completed in 10 cases; 5 PSEs are under consideration for closure; 1 case is held up due to litigation, 1 case is under Corporate Insolvency Resolution Process (CIRP) in NCLT and 2 transactions are under review for feasibility," he said, adding, remaining 14 transactions are at various stages...
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