Canara Bank, Equitas SFB among 9 banks that saw decrease in NPAs
As RBI noted in the latest edition of its Financial Stability Report released on Wednesday, scheduled commercial banks’ net non-performing assets (NPA) ratio fell to a 10-year low of 3.9% in March 2023. Here’s a list of 9 banks that saw a decrease in NPA in Q4FY23, as per Trendlyne data.
Personal use of family office money may be discouraged
Popular in western countries, the concept of ‘family office’ – serving the wealth management needs of a family – was recognised a year ago by the GIFT City regulator International Financial Services Centres Authority (IFSCA) when it came out with the ‘family investment fund’ (FIF) regulations.