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Bad assets of banks decline multi-year low to 0.8 pc in Sept: RBI report

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MUMBAI, Dec 28: The Reserve Bank on Thursday said net non-
performing assets ratio of banks declined to a multi-year low of 0.8
per cent at the end of September 2023 and the country’s domestic
financial system remains resilient.
“The resilience of the non-banking financial companies (NBFCs)
sector improved with CRAR at 27.6 per cent, GNPA ratio at 4.6 per
cent and return on assets (RoA) at 2.9 per cent, respectively, in
September 2023,” said the RBI’s Financial Stability Report (FSR).
The gross non-performing assets (GNPA) ratio of banks also
declined to a multi-year low of 3.2 per cent, it said.
The report reflects the collective assessment of the Sub-Committee
of the Financial Stability and Development Council (FSDC) on risks
to financial stability and the resilience of the Indian financial
system.
It further said that the capital to risk-weighted assets ratio (CRAR)
and the common equity tier 1 (CET1) ratio of scheduled
commercial banks (SCBS) stood at 16.8 per cent and 13.7 per cent,
respectively, in September 2023.
“Macro stress tests for credit risk reveal that SCBs would be able to
comply with minimum capital requirements, with the system-level
CRAR in September 2024 projected at 14.8 per cent, 13.5 per cent

and 12.2 per cent, respectively, under baseline, medium and
severe stress scenarios,” the report said.
Referring to the present state of Indian economy, it said the
domestic financial system remained resilient, supported by strong
macroeconomic fundamentals, healthy balance sheets of financial
institutions, moderating inflation, improving external sector
position and continuing fiscal consolidation.
However, the global economy faces multiple challenges, including
prospects of slowing growth, large public debt, increasing
economic fragmentation, and prolonging geopolitical conflicts.
(PTI)

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