SCBs see a sharp drop in NPA ratio, falling to 2.67% in June 2024 from 11.18% in March 2018: FinMin

New Delhi [India], December 14 (ANI): The gross non-performing assets (NPA) ratio for scheduled commercial banks (SCBs) witnessed a significant reduction to 2.67 percent in June 2024 from 11.18 percent in March 2018, the Finance Ministry stated on Saturday.

The ministry further added in a social media post on X that the asset quality has improved significantly while the provisional coverage ratio (PCR) has also increased