Try GOLD - Free
Bank Balance Sheets Robust as NPAs Decline
The New Indian Express Kottayam
|December 27, 2024
RBI report says continuing focus on cleaning up books has led to gross bad loan ratios dropping to 13-year lows
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.
This story is from the December 27, 2024 edition of The New Indian Express Kottayam.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Kottayam
The New Indian Express Kottayam
Gujarat Cong to launch farmer march in Nov
GUJARAT Congress president Amit Chavda on Friday announced a week-long farmers’ foot march, ‘Khedut Aakrosh Yatra’, from November 6 to 13, which will be taken out from Somnath to Dwarka.
1 min
November 01, 2025
The New Indian Express Kottayam
A LIFELINE AND A REUNION
Kerala government's Extreme Poverty Eradication Programme Uplifts a Blind Couple
2 mins
November 01, 2025
The New Indian Express Kottayam
PM to inaugurate C’garh Assembly building, unveil projects worth ₹14,260 cr
PRIME Minister Narendra Modi will participate in Chhatisgarh Rajat Mahotsav on Saturday marking 25 years of the state’s formation and inaugurate or lay the foundation stones for development projects worth ₹14,260 crore across key sectors, such as roads, industry, healthcare, and energy.
1 min
November 01, 2025
The New Indian Express Kottayam
Let them (chief secys) come: SC in stray dogs case
THE Supreme Court on Friday ruled that chief secretaries must appear in person before the court on November 3 in connection with the stray dogs menace case.
2 mins
November 01, 2025
The New Indian Express Kottayam
WHY NERDS ARE HERDING TO PUBS
ALL cats die. Socrates is dead. Therefore Socrates is a cat,\" said the Logician in Eugène Ionesco's play Rhinoceros.
4 mins
November 01, 2025
The New Indian Express Kottayam
City Union Bank receives $50 million from IFC to support MSME solutions
CITY Union Bank on Friday announced that it has secured $50 million commitment from International Finance Corporation (IFC), a member of World Bank Group.
1 min
November 01, 2025
The New Indian Express Kottayam
IMD predicts warmer Nov, no harsh winter
NOVEMBER is likely to be relatively warmer and wetter than usual in most parts of the country, according to the India Meteorological Department.
2 mins
November 01, 2025
The New Indian Express Kottayam
No summoning of lawyers over advice to clients barring special cases: SC
THE Supreme Court on Friday ruled that investigating officers cannot issue summons to lawyers appearing for the accused unless the matter is covered under any of the exceptions under Section 132 of the Bharatiya Sakshya Adhiniyam (BSA).
1 mins
November 01, 2025
The New Indian Express Kottayam
EC seeks report on killing of PK party supporter as Mokama remains tense
THE Election Commission of India (ECI) has sought a detailed report on the killing of a Jan Suraaj Party supporter in Mokama assembly constituency of Patna district, directing Bihar DGP Vinay Kumar to submit an action taken report at the earliest.
1 min
November 01, 2025
The New Indian Express Kottayam
June next yr timeline set for Maha farm loan waiver: CM
CM Devendra Fadnavis on Friday announced that the state government will complete the farm loan waiver process by the end of June next year. Fadnavis, who had earlier opposed the idea of a waiver, said the decision was made to ensure meaningful relief for farmers. “The farm loan waiver should be done properly so that it helps farmers in a real sense,” he said.
1 min
November 01, 2025
Listen
Translate
Change font size