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Financial Stability Report for June 2023
July 5 , 2023
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- The Gross Non-Performing Assets (GNPA) of the scheduled commercial banks, declined to a 10-year low of 3.9 per cent in March 2023.
- It is expected to fall further to 3.6 per cent by March 2024.
- But nearly 10 per cent of retail borrowers are missing monthly payments.
- The write-off to GNPA ratio increased in 2022-23 due to large write-offs by private sector banks.
- It had been declining consecutively through 2020-21 and 2021-22.
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