India's banking sector in robust health as NPAs fall and profits shoot up: Finance Ministry

IANS | December 26, 2024 7:27 PM

New Delhi, Dec 26 (IANS) As a result of the government's overarching policy to undertake the resolution of stressed accounts, recapitalisation and reforms in banks, the financial health and robustness of India’s banking sector has improved significantly with a sharp decline in NPA (non-performing assets) ratios and record profits during 2024, the Finance Ministry has said in its year-end review.