Twin-Balance Sheet problem

Santhosh Kumar 12/07/2023
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Twin-Balance Sheet problem upsc notes Context Finance Minister Nirmala Sitharaman's statement Indian economy has twin-balance sheet advantage Source: TH What Both banks and corporates face financial distress High amount of non-performing assets (bad loans) (NPA) NPA of public sector banks was 12% in 2016-17 Corporates have accumulated excessive debt RBI's Financial Stability Report Banking and corporate sector balance sheets have strengthened India might have twin balance sheet advantage Gross NPA ratio at 10-year low of 3.9% Corporate balance sheet healthiest in 10 years Profitability of public sector banks tripled since 2014 Reached over ₹1 lakh crore in 2022-23 Government initiatives 4R strategy (Recognizing, recapitalizing, resolving, reforming) Central Repository of Information on Large Credits (CRILC) Banks share information on large loans Insolvency and Bankruptcy Code, 2016 National Asset Reconstruction Company (NARCL) To handle bad debt

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