THE financial position of the banks has stayed robust, marked by the sustained expansion in assets and also liabilities/deposits, while their continuing focus on cleaning up their books has led to the gross bad loan ratios dropping to 13-year lows, a central bank report released on Thursday said.
In the latest report on trends and progress of banking, which shares data up to the September quarter and for the fiscal 2024, and released Thursday, the central bank said, system-wide gross non-performing assets ratio (NPA) of banks slipped to an over-13-year low of 2.5% as of September from 2.7% as of March 2024. Similarly, net bad loans fell to 0.57% of total loans during the period under review from 0.62% as of March 2024, driven by stronger loan-loss buffers.
This story is from the December 27, 2024 edition of The New Indian Express Vijayawada.
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This story is from the December 27, 2024 edition of The New Indian Express Vijayawada.
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The 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, concluded amid widespread disappointment and criticism. Though considered a failed COP, one part of the compromise deal was the operationalisation of Article 6 of the Paris Agreement. This article establishes a framework for international cooperation to achieve climate goals through market and non-market mechanisms, facilitating emissions reductions via three pathways: Article 6.2 (nations trading surplus reductions as Internationally Transferred Mitigation Outcomes (ITMOs)); Article 6.4 (a UN-regulated global carbon market); and Article 6.8 (non-market approaches like technology transfer and capacity building). These mechanisms aim to enhance climate finance, foster collaboration, and ensure accountability in emissions reductions. However, a key question remains: Can market mechanisms deliver the deep emissions reductions required?
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