According to the Reserve Bank of India’s latest financial stability report, gross non-performing assets (GNPAs) of the banking system have declined from 7.4 per cent in March 2021 to a six-year low of 5.9 per cent in March 2022.
This is under the baseline scenario driven by higher expected bank credit growth and declining trend in the stock of GNPAs, among other factors, the report said.
Important definitions –
Findings of the report –
About the Financial Stability Report –