December 28, 2023
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Banks’ GNPA ratio fell to 3.2% in September
Indian banks’ gross non-performing assets (GNPA) ratio fell to 3.2 per cent at the end of September, registering a further improvement seen in earlier years, according to the Reserve Bank of India (RBI)’s Trend and Progress of banking in India, 2023.
“The improvement in asset quality of banks that began in 2018-19 continued during 2022-23 and H1:2023-24, with gross non-performing assets (GNPA) ratio at 3.2 per cent at end-September 2023,” said the report.
Loans become NPA if there is no repayment of principal or interest for a period of 90 days.
Further, the capital to risk weighted assets ratio (CRAR), a measure of capital adequacy, of banks stood at 16.8 per cent at end-September 2023, with all bank groups meeting the regulatory minimum requirement and the common equity tier 1 (CET1) ratio requirement, the report showed.
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