Indian Banks Face Rising NPAs: Economic Slowdown, Poor Credit Decisions Highlight Need for Improved Risk Management.

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....Indian banks are experiencing an increase in non-performing assets (NPAs) due to an economic slowdown and poor credit decisions, underscoring the necessity for enhanced risk management strategies. This situation highlights the critical need for banks to adopt more stringent credit evaluation processes and improve their risk assessment frameworks to mitigate future financial risks. The rise in NPAs poses significant challenges to the banking sector, impacting overall financial stability and necessitating urgent reforms to address these vulnerabilities effectively.....