Banks show impressive improvement in asset quality
The asset quality of the banks has improved significantly marking a fresh decade-long low in the gross non-performing asset (GNPA) ratio, according to the latest data from RBI.
Source: ani
According to the RBI's 'Trend and Progress of Banking' report released on Wednesday, the GNPA ratio for banks declined to 3.2 per cent as of end-September.
Source: RBI Governor Shaktikanta Das
The trajectory of asset quality improvement that commenced in the financial year 2018-19 has persisted into the first half of 2023-24.
Source: ANI
The central bank underscores the resilience of both the banking system and NBFCs, attributing this to elevated capital ratios, enhanced asset quality, and robust earnings growth.