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PUBLIC SECTOR BANKS' NPAS HIT RECORD LOW
The Business Guardian
|December 13, 2024
In 2015, RBI's Asset Quality Review identified stressed loans, reclassified them as NPAs, addressing losses, peaking NPAs in 2018.
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The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system.
The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth.
Over the past decade, the government highlighted multiple citizen- and staff-centric reformative initiatives undertaken to strengthen the sector.
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