Context
In December 2022, Finance Minister has informed the Parliament that banks had bad loans worth Rs 10, 09,511 crore during the last five financial years.
What are Bad Loans?
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What is a Non-Performing Asset?
Types of NPA:
When a loan is classified as NPA?
Why is there a need to recognise NPAs?
What process does a bank undertake to recover NPA?
A National Asset Reconstruction Company Ltd. (NARCL) was announced in the Union Budget for 2021-2022 to resolve stressed loans amounting to about Rs 2 lakh crore in phases. |
Impact of NPAs on Financial Operations
Verifying, please be patient.