2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICICI
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SBI
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BOB
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RBI
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Detailed explanation-1: -The gross non performing assets (NPAs) of banks may increase from 6.9% in September 2021 to 8.1% by September 2022 under the baseline scenario and to 9.5% under a severe stress scenario, a Reserve Bank of India (RBI) report said.
Detailed explanation-2: -PNB tops the list with 10.48 per cent gross NPAs; followed by Central Bank of India and Punjab & Sind Bank (9.67 per cent each), Indian Overseas Bank (8.53 per cent), Bank of India (8.51 per cent) and Union Bank of India (8.45 per cent).
Detailed explanation-3: -The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ratio declining from the peak of 14.6 per cent in March 2018 to 5.53 per cent in December 2022, Parliament was informed on Monday.