
Bank lending at 11-year high, bad debts lowest in 7 yrs: RBI
The RBI says the gross NPA ratio of the scheduled commercial banks continued to decline and stood at a seven-year low of 5% in September 2022.
The RBI says the gross NPA ratio of the scheduled commercial banks continued to decline and stood at a seven-year low of 5% in September 2022.
RBI says the Indian economy has been consolidating a recovery led by robust revival of agriculture and services, and stable corporate performance.
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
The Reserve Bank of India’s latest financial stability report says the banking sector continues to remain stressed.