HomeEconomicsIndian Banks GrossNPA ratio fell to 3.2%, says RBI

Indian Banks GrossNPA ratio fell to 3.2%, says RBI

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  1. Gross non-performing assets (GNPA) ratio of Indian banks further improved, standing at 3.2% by the end of September 2023. This continues the trend of improvement seen in recent years.
  2. Loans are classified as NPAs if there’s a lack of repayment of principal or interest for 90 days.
  3. The consolidated balance sheet of scheduled commercial banks (SCBs) expanded by 12.2% in 2022-23, driven by increased credit to retail and services sectors. Deposit growth accelerated but lagged behind credit growth.
  4. Asset quality improvement, measured by the GNPA ratio, has continued since 2018-19.
  5. The GNPA ratio of SCBs dropped to a decade-low of 3.9% by March 2023 and further reduced to 3.2% by September 2023.
  6. Around 45% of the reduction in Gross NPAs of SCBs during 2022-23 was due to recoveries and upgradations.

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