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Report on Trend and Progress of Banking in India 2023
December 29 , 2024
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- Profitability of banks improved for the sixth consecutive year in 2023-24.
- Their gross bad debts or NPAs declined to a 13-year low of 2.7 per cent.
- Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25.
- Their return on assets (RoA) raised at 1.4 per cent and return on equity (RoE) at 14.6 per cent.
- The gross non-performing assets (GNPA) ratio is falling to its lowest in 13 years at 2.7 per cent at end-March 2024 and 2.5 per cent at end-September 2024
- At end-March 2024, India’s commercial banking sector is consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
- Out of these 141 commercial banks, 137 were classified as the scheduled banks, while four were non-scheduled.
- The GNPA ratio of NBFCs was dropped to 3.4 per cent at end-September 2024.
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