Synopsis
During the Monetary Policy announcement, RBI Governor Shaktikanta Das emphasized India’s robust banking system, with gross NPA levels below 3% for scheduled commercial banks and NBFCs as of March 2024. He highlighted factors like improved provisioning, capital adequacy, and profitability, stressing the importance of governance, risk management, and compliance enhancement.
India’s banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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