BANKS' ASSET QUALITY has improved, with their gross non-performing assets ratio (GNPA) hitting a 13-year low of 2.5% at end of September, from 2.7% at end-March, driven by higher recoveries and lower slippages, according to the Reserve Bank of India's (RBI) latest report on trend and progress of banking in India. During 2023-24, banks' consolidated balance sheet expanded at a healthy pace with robust deposit and credit growth.
"The improvement in the asset quality of banks, measured by their GNPA ratios, commenced in 2018-19. GNPAs of SCBs reduced by 15.9% YoY to ₹4.8 lakh crore as on March 31, 2024," said the report. "The GNPA ratio declined to 2.7% at end-March 2024, the lowest in 13 years, from 3.9% at end-March 2023."
During 2023-24, around 44.4% of the reduction in GNPAs was attributable to better recoveries and upgradations, noted the report.
Diese Geschichte stammt aus der December 27, 2024-Ausgabe von Financial Express Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 27, 2024-Ausgabe von Financial Express Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Zee Q3 profit jumps 180%; revenue falls
ZEE ENTERTAINMENT reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).
Meta's revised paid ad-free service may breach EU privacy regulations
META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.
Grade A warehousing mkt to hit 700 mn sq ft
THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).
CCPA Notices to Ola, Uber Over Price Disparity Complaints
The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.
Call Grows for Action on AI, Reforms
LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.
UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%
ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.
West Asia and North Africa Top Market for Engineering Exports
WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.
In Dalit colonies, AAP schemes outrank Constitution issues
THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing.
Musk, Altman spar over $100-bn AI venture hyped by Prez Trump
TESLA CEO QUESTIONS FUNDING NEED, WHILE OPENAI BOSS DEFENDS PROJECT
Infra.Market Raises $126 Million
CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.
