Question

Which of the following banks emerged as Top Performers in NPA Management during FY23?

A Bank of Maharashtra Correct Answer Incorrect Answer
B HDFC Bank Correct Answer Incorrect Answer
C Union Bank Correct Answer Incorrect Answer
D Axis Bank Correct Answer Incorrect Answer

Solution

Bank of Maharashtra (BoM), a Pune-based state-owned lender, has been recognized as the best bank in managing bad loans, achieving a remarkably low net non-performing assets (NPAs) ratio of 0.25% during the financial year that ended in March 2023.

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