Question
Download Solution PDFWhat was the GNPA ratio of Scheduled Commercial Banks in March, 2023?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 3.9%.
Key Points
- The GNPA ratio of Scheduled Commercial Banks in March, 2023 was 3.9%.
- Reserve Bank of India has informed that the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks has fallen to 10 year low of 3.9 percent in March 2023.
- The net non-performing assets (NNPA) ratio declined to 1 percent.
Additional Information
- GNPA
- GNPA stands for gross non-performing assets.
- It tells us the total value of gross non-performing assets for the bank in a particular quarter or financial year as the case may be.
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