The consolidated balance sheet of scheduled commercial banks (SCBS) in 2022-23 expanded by 12.2 percent, driven by credit to retail and services sectors while deposit growth also picked up, although it trailed credit growth.
The capital to risk-weighted assets ratio (CRAR) of SCBS was 16.8 percent at end-September 2023, with all bank groups meeting the regulatory minimum requirement and the common equity tier 1 (CET1) ratio requirement, states the Reserve Bank of India's Report on Trend and Progress of Banking in India 2022-23 released on Wednesday.
The report notes that the improvement in asset quality of banks that began in 201819 continued during 2022-23 and first half of FY24, with gross non-performing assets (GNPA) ratio at 3.2 percent at end September 2023. Higher net interest income and lower provisioning boosted net interest margin (NIM) and profitability in 2022-23.
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