The Reserve Bank of India on Monday said that the bank's asset quality improved further and their gross non-performing assets (GNPA) or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024. This is backed by falling slippages and steady credit demand. In its Financial Stability Report (FSR), the RBI stated that the net NPA ratio ( the proportion of net non-performing assets in net loans and advances) was around 0.6 per cent. "Buoyed by falling slippages, higher write-of
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