rbi
0
0
Spread the love
19 Views

MUMBAI: The decline in bad assets of banks to a 12-year low of 2.8 per cent and strong GDP numbers will help in sustaining the growth momentum and withstanding global shocks, said the Reserve Bank’s Financial Stability Report (FSR) released on Thursday.

The real gross domestic product (GDP) rose by 8.2 per cent in 2023-24 against 7 per cent in the preceding fiscal, despite muted private and government consumption and external demand conditions acting as a drag.

The FSR report showed that the gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to 2.8 per cent and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024.

One thought on “Bad loans declining to 12-yr low to help sustain growth momentum: RBI report”
  1. of course like your website but you have to check the spelling on several of your posts A number of them are rife with spelling issues and I in finding it very troublesome to inform the reality on the other hand I will certainly come back again

Leave a Reply

Your email address will not be published. Required fields are marked *

Free web hosting
try it

hosting

No, thank you. I do not want.
100% secure your website.