Finance Minister Nirmala Sitharaman announced that public sector banks' non-performing assets (NPAs) for Mudra loans declined to 3.4% in 2023-24 from 4.77% in 2020-21. Private sector Mudra loan NPAs fell to 0.95%. NPAs indicate banking sector health, with high levels suggesting financial instability. Monitoring mechanisms ensure fair recovery processes. Read The Rest at :
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