“Bad loans at multi-year low, Bharat achieves current account surplus in 10 quarters: RBI’s Financial Stability Report”, Organiser, June 28, 2024:
“The Bharatiya economy and financial system continue to exhibit robust health and resilience, as highlighted by the Reserve Bank of India (RBI) in its 29th issue of the Financial Stability Report (FSR) released on June 27. The report underscores macroeconomic and financial stability as key anchors supporting sustained economic activity.
The report reveals that scheduled commercial banks (SCBs) in Bharat are experiencing improved financial health, characterised by rising profitability and a significant reduction in non-performing assets (NPAs). As of March 2024, the gross non-performing assets (GNPA) ratio and the net non-performing assets (NNPA) ratio for SCBs fell to multi-year lows of 2.8 per cent and 0.6 per cent, respectively.
This decline in NPAs has enabled SCBs to maintain robust capital buffers. The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio stood at 16.8 per cent and 13.9 per cent, respectively, well above the regulatory minimums……”
Read the full article at Organiser.org
