NPAs at 12-year low, red flags in some areas, says RBI report
Indian banks’ bad loans fell to their lowest level in 12 years, although early warning indicators suggest potential stress in some sectors, the Reserve Bank of India’s financial stability report stated on Monday. NPAs at 12-year low, red flags in some areas, says RBI report The gross non-performing assets ratio of scheduled commercial banks declined to 2.6% in September 2024, driven by lower slippages, increased write-offs and steady credit growth. “The soundness of scheduled commercial banks has been bolstered by strong profitability, declining non-performing assets, and adequate capital and liquidity buffers,” the central bank said in its report. Large borrowers’ share in bad loans declined faster than their share in overall credit, with their GNPA ratio falling sharply from 4.5% in March 2023 to 2.4% in September 2024.
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