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GNPA) RATIO OF SCHEDULED COMMERCIAL BANKS REACHED A 12-YEAR LOW

Why in the news? The Reserve Bank of India’s Financial Stability Report for June 2024 highlights that the gross non-performing assets (GNPA) ratio of scheduled commercial banks reached a 12-year low of 2.8% in March 2024. The GNPA ratio is projected to further improve to 2.5% by March 2025, based on macro stress tests assessing …

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