Gross NPA in the agricultural sector of the public sector banks of the country increased to Rs. Cross a trillion

-

Mumbai, Ta. October 14, 2019, Monday

The gross non-performing assets (NPAs) of public sector banks in the country's agricultural sector have surpassed one trillion rupees. According to the Reserve Bank of India (RBI) data, gross NPAs of public sector banks in agriculture and allied sectors increased by Rs 1.8 trillion at the end of June this year, while the total credit to the agricultural sector stood at Rs 1.8 trillion. Thus gross gross NPAs were more than 5%.

The gross NPA figure in the agricultural sector at the end of June 1 was Rs. 5 crore. Thus, NPAs have increased by about twenty percent over a one-year period. In the last two years, NPAs in this sector have increased by about 8%.

The NPA has seen an increase in expectations that loan waivers will be announced during the Lok Sabha elections this year, a banker said. The country has recently seen a significant increase in the amount of amortization loans in the country, according to a recent Reserve Bank report.

There have been numerous advertisements for loan waiver by state governments during election time. Ten states have waived Rs 1.8 trillion farmer loans in recent years.

The states that have waived loans in the recent past include Maharashtra, Uttar Pradesh, Punjab, Karnataka, Telangana, etc. Whenever the assembly elections are approaching, the farmers of those states are deferring payment of loans. They expect the ruling party to announce a loan waiver.

Considering this fact, banks are also now adopting a strategy to provide long-term loans instead of short-term loans to farmers so that the opportunities for defaults are low, said Reserve Bank sources.

Farmers are becoming a major votebank for any political party. Political parties do not hesitate to announce schemes like their loan waiver to kill farmers. Apart from this, the agricultural sector of the country is almost entirely dependent on monsoon, so in the case of bad monsoon, governments have to solve the problems of the farmers.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more