MUMBAI, June 27 (Reuters) – Indian banks’ capital position remains robust, supported by high profits, and their asset quality should further improve through March next year, a report released by the central bank on Thursday showed.
Banks’ bad loans, or gross non-performing asset ratio, slipped to a multi-year low of 2.8% in March 2024 from 3.2% in September last year, the Financial Stability Report showed.
The ratio may decline to 2.5% by March 2025 under the so-called baseline scenario, the report said.
Source: REUTER
