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Searched Tag: banking system
State Bank of India (SBI), the largest public sector bank in India, has announced a hike in its annual maintenance charges for various categories of debit cards, effective from April 1, 2024.

SBI announces increase in annual debit card maintenance charges effective April 1

April 1, 2024, 10:08 AM - 2 min read

The revised charges will impact a range of SBI debit card variants, including Classic, Silver, Global, Platinum, Contactless, Yuva, Gold, Combo Debit, and My Card (Image Card). Notably, fees for issuance and replacement of debit cards will also be adjusted in accordance with the revision.

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A recent report by domestic rating agency Care Ratings suggests that the Gross Non-Performing Assets (GNPA) are set to see further improvement, potentially reaching up to 2.1 percent by the end of the fiscal year 2025.

Indian banking system's gross NPAs expected to improve to 2.1% by FY25: Report

March 29, 2024, 05:24 PM - 2 min read

The journey towards restoring balance sheet integrity commenced with the Reserve Bank of India (RBI)'s directive in the mid-2010s, prompting banks to undertake a comprehensive assessment and classification of stressed assets as Non-Performing Assets (NPAs).

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