Finance Minister Nirmala Sitharaman stated that Indian banks remain healthy, strong, and resilient despite global banking turmoil. She highlighted the recovery of Rs 33,801 crore from wilful defaulters by March 31, 2023, and efforts to combat defaults. Sitharaman emphasized the decline in NPAs and rising profit margins in Indian banks, contrasting with bank collapses in other countries.
from Banking/Finance-Industry-Economic Times https://ift.tt/T1hgJVz
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