CURRENT AFFAIRS

Detailed explanation-1: -2. Within this overall context, the guidelines on guidelines on ‘Staff Accountability Framework for NPA Accounts up to Rs. 50 Crores (Other than Fraud Case)’ have been finalised in consultation with Central Vigilance Commission, and are annexed herewith. 3.

Detailed explanation-2: -As per the FSR, banks gross NPA continued to decline and stood at a seven-year low of 5% in September 2022. Meanwhile, the net NPA stood at a ten-year low of 1.3% under which private bankers’ net NPA was below 1%.

Detailed explanation-3: -The rise in profitability that aided banks to improve their provisions has resulted in net non-performing assets (NPAs) to net advances ratio falling to 1.3 per cent in September 2022 – the lowest in 10 years - the Reserve Bank of India’s (RBI’s) Financial Stability Report said.

Detailed explanation-4: -60 lakh crore as of 31 December 2021, the Rajya Sabha was told. In a written reply, Dr Bhagwat Karad, minister of state for finance, says, “As per data reported by Reserve Bank of India (RBI), PSBs have effected a total recovery of Rs3, 12, 987 crore, in NPA accounts and written-off loans since FY19 to FY21."

Detailed explanation-5: -In NPA accounts having total outstanding above Rs. 50 Crores, staff accountability is to be examined as per extant guidelines.