An Impact Of Non Performing Assets Of Public Sector,Private Sector And Scheduled Commercial Banks On Gross Domestic Product Of India

Abstract

India saw a period of financial liberalisation, budgetary progression, and administrative changes in the corporate sector in the 1990s as a result of the Globalization Banking Sector in the country. The Indian financial sector is gradually moving to accept prescribed bookkeeping and prudential standards. This is leading to greater divulgences and simplicity, while loan costs have been reduced. in our nation, at the moment, we have a robust framework for banking. It features various classes of banks, both public and private sector; older as well as newer age; and regional rural as well as cooperative banks. The framework is led by the Reserve Bank of India, and all money is kept there. Many remarkable improvements and developments have occurred in the banking industry in recent years. The banking industry is an essential piece in the economic development of our nation. The present study seeks to uncover the effect of NPA on the Gross Domestic Product (GDP) of the public sector, the private sector, and commercial banks in India.