Net NPA ratio also fell to 0.6 per cent from 0.9 per cent during the same period, the biannual Financial Stability Report of the Reserve Bank of India (RBI) showed on Thursday.
Under the baseline scenario of stress tests, the GNPA ratio of all scheduled commercial banks might improve to 2.5 per cent by March 2025, the report said. Macro stress tests for credit risk reveal that all banks would be able to meet the regulatory minimum capital even under a severe stress scenario.
"The Indian banking sector recorded sustained improvement in capital positions, asset quality and profitability amid a strong business expansion," the report said. It noted that among bank groups, public sector banks (PSBS) recorded a substantial reduction in their GNPA ratio (76 bps) during the second half of FY24.
This story is from the June 28, 2024 edition of Business Standard.
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This story is from the June 28, 2024 edition of Business Standard.
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