Non-food credit grew at 8.85% YoY in November 2017 as compared to 4.75% in November 2016.
New Delhi: The performance of the banking sector in general and those in the public sector in particular continued to be subdued in the current fiscal, the Economic Survey 2017-18 said on Monday.
According to the Survey, tabled in Parliament by Finance Minister Arun Jaitley, significant progress has been made for the Corporate Insolvency Resolution Process (CIRP) to enable banks to realise their dues.
The Survey states that 525 companies have been admitted under CIRP and the total underlying default is Rs 128,810 crore.
According to the Survey, the Gross Non-Performing Advances (GNPA) ratio of Scheduled Commercial Banks (SCBs) increased from 9.6 per cen…
Read the full article at: https://www.ndtv.com/business/budget-2018-state-banks-performance-subdued-in-current-fiscal-says-economic-survey-1805828
