Bad loans decline: Banks’ gross NPA ratio declines to 13-year low of 2.5% at September end, says RBI report
The slippage ratio, which measures new accretions to NPAs as a share of standard advances at the beginning of the year, also witnessed an improvement during 2023-24.
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The gross non-performing assets (GNPAs) ratio of scheduled commercial banks (SCBs) declined to the lowest in more than 13 years at 2.5 per cent at the end of September 2024, a Reserve Bank of India (RBI) report said on Thursday.
In fiscal year 2024 (FY24), the consolidated balance sheet of commercial banks in the country remained robust, marked by sustained expansion in both credit and deposits, the report said.
2024-12-27
By
Ravindra Kumar Tiwari
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