As the eventful year 2024 drew to a close, the bi-annual "Financial Stability Report" (FSR) of the Reserve Bank of India (RBI), published this week, offered an overview of the current state of the Indian financial system and provided a broad understanding of what to expect in the year ahead.
In terms of financials, gross non-performing assets (GNPA) in the banking system supported by lower slippages, write-offs, and credit demand, declined to a 12-year low of 2.6 per cent in September 2024, while net non-performing assets were at 0.6 per cent of the book.
Although balance sheets in the Indian banking system have steadily improved over the past decade and are now in a position to support private investment and growth, the FSR highlighted GNPA could increase marginally to 3 per cent under the baseline scenario by March 2026. This will need to be monitored.
This story is from the January 01, 2025 edition of Business Standard.
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This story is from the January 01, 2025 edition of Business Standard.
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