Various initiatives taken by the government have yielded results, with PSU bank NPAs declining by over ₹23,000 crore from a peak of ₹9.62 trillion in March 2018. Photo: ReutersNew Delhi: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday expressed satisfaction over performance of the banking sector saying non-performing assets (NPAs) have declined, particulary that of public sector banks (PSU banks). The central bank has also initiated stakeholder consultation on banking reforms, said the governor. “One issue which engages our attention on almost daily basis is the state of NPAs and health of public sector banks. Various initiatives taken by the government have yielded results, with PSU bank NPAs declining by over ₹23,000 crore from a peak of ₹9.62 trillion in March 2018.

Source: Mint January 07, 2019 13:07 UTC