​Chapter 2: Monetary and Financial Sector Developments - The Card and the Horse

  • Bank credit has grown at a steady rate with credit growth converging towards deposit growth.
  • Profitability of Scheduled Commercial Banks improved, reflected in a fall in gross non-performing assets (GNPAs) and rise in capital to risk weighted asset ratio (CRAR).
  • Credit growth outpaced nominal GDP growth for two successive years. The credit-GDP gap narrowed to (-) 0.3 per cent in Q1 of FY25 from (-) 10.3 per cent in Q1 of FY23, indicating sustainable bank credit growth.
  • Banking sector exhibits improvement in asset quality, robust capital buffers, and strong operational performance.
  • The gross non-performing assets (GNPAs) of Scheduled Commercial Banks ....
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