{"id":7541,"date":"2024-06-14T03:11:19","date_gmt":"2024-06-14T03:11:19","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7541"},"modified":"2024-06-14T03:11:19","modified_gmt":"2024-06-14T03:11:19","slug":"banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/","title":{"rendered":"Banks in State in a spot as NPA grows to Rs 13K cr"},"content":{"rendered":"

The spectre of bad loans, which haunted the Banking<\/a> sector after the two distinct waves<\/a> of Covid-19 since March 2020, continues to rise and threaten the banking sector in Odisha.<\/p>\n<\/p>\n

With the cases of non-payment of loans on the rise, the non-performing accounts (NPA) amount has risen to over Rs13, 000 crore for which bank authorities are expressing serious concern.<\/p>\n<\/p>\n

Over the years, the NPA of the State is experiencing a high rise and banks are facing problems to recycle the funds. Non-repayment of loans has resulted in mounting overdue and rising NPA.<\/p>\n<\/p>\n

While the NPA was Rs 11,339 crore as on March 31, 2021, it has risen to Rs 12,852 crore as on September 30, 2021. By December 31, it crossed Rs13, 000 crore, officials sources said.<\/p>\n<\/p>\n

The alarming rise of NPA has put the banking sector in a spot and the issue was raised in the recent State Level Bankers Committee Meet.<\/p>\n

The sector has requested the to come to their rescue and urged for a joint strategy to improve recovery performance for better recycling of funds.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The spectre of bad loans, which haunted the Banking sector after the two distinct waves of Covid-19 since March 2020, continues to rise and threaten the banking sector in Odisha. With the cases of non-payment of loans on the rise, the non-performing accounts (NPA) amount has risen to over Rs13, 000 crore for which bank … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1101],"tags":[732],"class_list":["post-7541","post","type-post","status-publish","format-standard","hentry","category-odisha","tag-09-02-22"],"yoast_head":"\nBanks in State in a spot as NPA grows to Rs 13K cr - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks in State in a spot as NPA grows to Rs 13K cr\" \/>\n<meta property=\"og:description\" content=\"The spectre of bad loans, which haunted the Banking sector after the two distinct waves of Covid-19 since March 2020, continues to rise and threaten the banking sector in Odisha. With the cases of non-payment of loans on the rise, the non-performing accounts (NPA) amount has risen to over Rs13, 000 crore for which bank ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T03:11:19+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Banks in State in a spot as NPA grows to Rs 13K cr - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/","og_locale":"en_US","og_type":"article","og_title":"Banks in State in a spot as NPA grows to Rs 13K cr","og_description":"The spectre of bad loans, which haunted the Banking sector after the two distinct waves of Covid-19 since March 2020, continues to rise and threaten the banking sector in Odisha. With the cases of non-payment of loans on the rise, the non-performing accounts (NPA) amount has risen to over Rs13, 000 crore for which bank ... Read more","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T03:11:19+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/","name":"Banks in State in a spot as NPA grows to Rs 13K cr - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T03:11:19+00:00","dateModified":"2024-06-14T03:11:19+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/banks-in-state-in-a-spot-as-npa-grows-to-rs-13k-cr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"Banks in State in a spot as NPA grows to Rs 13K cr"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=7541"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7541\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=7541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=7541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=7541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}