Gross NPAs of banks decline to 12-year low of 2.6%: RBI report
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The net NPA ratio or the proportion of net non-performing assets in net loans and advances was at around 0.6 per cent, according to the RBI's December 2024 issue of the Financial Stability Report (FSR).
The Financial Stability Report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian financial system and risks to financial stability.
«Buoyed by falling slippages, higher writeoffs and steady credit demand, the gross nonperforming assets (GNPA) ratio of 37 scheduled commercial banks (SCBs) fell to a multi-year low of 2.6 per cent,» the report said.
Fresh accretion of NPAs in retail loan portfolios was also dominated by slippages in the unsecured loan book, with 51.9 per cent from unsecured loans as of September 2024.
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