Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 313)

2023-05-30 Banking

313.

Which bank has been recognized as the best bank in managing bad loans?

Bank of Baroda

Bank of Maharashtra

Bank of India

Central Bank of India

Answer: Option

Explanation:

Bank of Maharashtra (BoM), a state-owned bank based in Pune, has been acknowledged as the best bank in managing bad loans. It achieved an exceptionally low net non-performing assets (NPAs) ratio of 0.25% during the financial year ending in March 2023.