24.9% decrease in India's scheduled commercial banks' net non-performing assets reported on June 30, 2024.
As of June 30, 2024, India's scheduled commercial banks reported a 24.9% decrease in net non-performing assets (NNPAs), totaling Rs 1 lakh crore. Gross non-performing assets (GNPAs) also fell by 15.2% to Rs 4.57 lakh crore, with NNPA and GNPA ratios at record lows of 0.6% and 2.8%, respectively. While credit growth remains strong, risks like high crude oil prices and global economic challenges could impact future asset quality.
September 26, 2024
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