THE financial position of the banks has stayed robust, marked by the sustained expansion in assets and also liabilities/deposits, while their continuing focus on cleaning up their books has led to the gross bad loan ratios dropping to 13-year lows, a central bank report released on Thursday said.
In the latest report on trends and progress of banking, which shares data up to the September quarter and for the fiscal 2024, and released Thursday, the central bank said, system-wide gross non-performing assets ratio (NPA) of banks slipped to an over-13-year low of 2.5% as of September from 2.7% as of March 2024. Similarly, net bad loans fell to 0.57% of total loans during the period under review from 0.62% as of March 2024, driven by stronger loan-loss buffers.
It attributes the strong balance sheets to robust credit growth during 2023-24. Banks' capital to risk-weighted assets ratio was 16.8% as of September, with all bank groups meeting the regulatory minimum requirement and the common equity tier 1 ratio requirement.
Denne historien er fra December 27, 2024-utgaven av The New Indian Express Belagavi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 27, 2024-utgaven av The New Indian Express Belagavi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
CHINA'S SUPER DAM IN THE HIMALAYAN GORGE
OR more than 20 years now, the Three Gorges Dam in China's Hubei Province has stood out as an engineering marvel.
Olympic heartbreak and no net gain for badminton
The ever-reliable discipline for India, in terms of providing the thrill & medals at elite competitions, endured a difficult year with some of the top shuttlers struggling for form, writes Anmol Gurung. Missing out on a medal in Paris was a new low...
Mohammedan play out goalless draw vs Odisha
MOHAMMEDAN SC held Odisha FC to a goalless draw at the Kishore Bharati Krirangan in the Indian Super League (ISL) on Friday to break their five-game-long losing streak in the competition.
Smith regains midas touch
IN many ways, it was coming. From the moment he got that century in Brisbane, Steve Smith seemed like he was going to pile on.
Six minutes of chaos for India
ASHASVI Jaiswal turned around and looked at Virat Kohli as Alex Carey took the bails off at the striker's end.
No Extra Pressure for Slot as Liverpool Win
ARNE Slot insists Liverpool's commanding position at the top of the Premier League table has led to no extra strain during his first season in charge at Anfield.
Osamu Suzuki, architect of India's automobile revolution, dies at 94
OSAMU SUZUKI, chairman of Suzuki Motor Corp (SMC), passed away from lymphoma on Wednesday, December 25, 2024, the company announced in a statement on Friday. He was 94.
RBI Allows UPI Access via Third-Party Payment Apps
The Reserve Bank on Friday allowed the popular unified payments interface (UPI) access to prepaid payment instruments (PPIs) through third-party applications, making it easier for users to link their digital wallets to UPI-enabled apps.
Manmohan Singh: The silent Prime Minister or a humane economist?
EXPECTATIONS of Dr Manmohan Singh, the trailblazer of India's new economic policy, is no more.
UltraTech buys 8.69% stake in Star Cement
JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has announced the signing of a definitive agreement to acquire 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd, a joint venture between EQT Infrastructure and Temasek.
