MUMBAI:
Banks' gross non-performing assets ratio (NPA), or the proportion of bad assets to total loans, slipped to an over-13-year low of 2.5% at end of September from 2.7% at end-March, the Reserve Bank of India (RBI) said in its 'Trend and Progress of Banking' report.
Net bad loans of banks fell to 0.57% of total loans at September-end, from 0.62% at end-March, driven by stronger loan-loss buffers, the RBI report said.
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