Bank Problems

Shikoku, a Japanese bank, is redefining "strong work ethic" after staff members pledged to "commit suicide" if they were discovered to be involved in any financial irregularities

Private banks in FY23 accounted for 74% of amounts written off due to fraud

The target was for banks to sell Rs 2 trillion worth of non-performing assets (NPAs) to NARCL by 2021-22. Only 10 per cent of this has been executed

No consensus yet on issues like bringing 'climate resilient' feature in debt

Strikers demands include scrapping of labour codes, no privatisation of any form, scrapping of National Monetisation Pipeline

It can be noted that banking regulator Reserve Bank of India (RBI) has been flagging concerns on retail loans being the panacea for banks, which are saddled with reverses on the corporate lending side