RBI informs GNPA ratio of Scheduled Commercial Banks fallen to 10 year low of 3.9% in March 2023

RBI informs GNPA ratio of Scheduled Commercial Banks fallen to 10 year low of 3.9% in March 2023

• Reserve Bank of India has informed that the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks has fallen to 10 year low of 3.9 percent in March 2023 and net non-performing assets (NNPA) ratio declined to 1 percent.
• RBI released its Financial Stability report today. As per report Scheduled commercial banks bolstered their capital base with Capital to risk-weighted assets ratio at a historical high of 17.1 percent and common equity tier1 capital ratio at 13.9 percent in March 2023. 
• The report says, Indian economy presents a picture of resilience, supported by strong macroeconomic fundamentals. Sustained growth momentum, moderating inflation, narrowing current account deficit and rising foreign exchange reserves, ongoing fiscal consolidation, and robust financial system are setting the economy on a path of sustained growth, it added.

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Published date : 01 Jul 2023 06:00PM