NPA Crisis

Bharat Progress Report 2024: India’s NPA Crisis Eases As It Falls To 2.7% In 2024 From 11.1% In 2018

Scheduled Commercial Banks (SCBs) in India have seen an impressive turnaround in asset quality. The gross non-performing assets (NPA) ratio declined to 2.67% in June 2024 from an unprecedented 11.18% in March 2018, as per the Finance Ministry. The reduction speaks of a sharp turnaround in the health of the...