Banks in China unable to dispose collateral homes, system under strain: Report
New Delhi, Jan 23 (IANS) China’s rural banks are stuck with hundreds of foreclosed homes that couldn’t get auctioned even at steep discounts, signalling deep stress in the property sector and financial system, a report has said. The report in Modern Diplomacy said that the stress in the property sector spilled into local bank balance […]
Banks in robust health as NPAs down to 12-year low, profit up 22.2 per cent: Economic Survey
New Delhi, Jan 31 (IANS) India’s monetary and financial sectors have performed well in the first nine months of the Financial Year 2024-25 with the gross NPAs of banks now down to a 12-year low of 2.6 per cent at the end of September 2024 while their profitability improved during H1 of FY25, with profit […]
