GNPAs Of 37 SCBs Fall To 12-Yr Low Of 2.6%

Mumbai: The asset quality of India’s banks has improved further with their gross non-performing assets (GNPA) declining to 2.6 per cent of total advances in September 2024 which is the lowest level in the last 12 years, according to the RBI’s latest financial stability report.

The net NPA ratio was around 0.6 per cent, according to the RBI’s December 2024 issue of the Financial Stability Report (FSR).

“Buoyed by falling slippages, higher write-offs and steady credit demand, the gross nonperforming assets (GNPA) ratio of 37 scheduled commercial banks (SCBs) fell to a multi-year low of 2.6 per cent,” the report stated.