Mumbai All opposition parties, including Congress leader Rahul Gandhi, constantly allege that the condition of banks is bad during the Modi government. It is also alleged that the loan of thousands of crores of some selected industrialists has been waived off by the Modi government. However, the reality is that the loan was not waived off. Banks keep writing off unpaid loan amount to clean their balance sheet. Now such a news has come, due to which the allegations of the opposition are being proved wrong. In the report of Reserve Bank of India RBI on Tuesday, it has been said that the health of the bank has improved. However, banks have been advised to be cautious.
The title of this report of the Reserve Bank is ‘Trends and Progress of Banking in India’. This review report of the Reserve Bank says that in the year 2021-22 there has been a 2 digit increase in the balance sheet of the banks. This happened after 7 years. This shows the better condition of assets and capital of banks. Also, the percentage of unpaid loans has also come down significantly. Banks have become stronger because of this. According to the Reserve Bank’s report, the gross non-performing assets (GNPA) of Indian banks have declined. This means the size of bad loans has come down to 5 per cent in September. Earlier it was 5.8 percent. GNPA has reached a good level in the review of asset quality of banks.
GNPA has declined due to debt write-off. Some loans have also been upgraded. Recovery of outstanding loans and cases of loan default have also reduced. In contrast, the GNPA of foreign banks has increased by 0.2 to 0.5 per cent. The Reserve Bank has advised the banks not to be careless in the current situation. The retail business has been asked to exercise caution in view of the increase in debt and reduced dependence on large lenders.