Economy, asked by gajavallipriya, 1 year ago

impact of budget on banking industry

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Answered by svvnhs

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Answer:

In the Union Budget presented today, Finance Minister Nirmala Sitharaman announced a Rs 70,000 crore capital infusion into public sector banks in an effort to boost credit. ... Loans worth Rs 17 lakh crore have been identified as NPAs since 2016. A humongous 80 per cent of these loans are held by public sector banks.

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