While the banking system's overall asset quality continues to improve, the Reserve Bank of India's (RBI's) Financial Stability Report flagged the issue of write-offs by private banks, saying these could partly mask worsening asset quality in the retail loan segment and a dilution in underwriting standards.
According to the report, banks' retail loan quality has remained stable so far, with the gross non-performing asset (GNP) ratio standing at 1.2 per cent in September 2024. The special mention accounts in categories 1 and 2, a lead indicator of incipient stress, also declined to 2.5 per cent in September from 3.0 per cent a year ago.
The GNPA ratio for unsecured lending was slightly higher at 1.7 per cent.
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