Big relief to banking sector from RBI report, double digit growth in deposits and credit, know what else RBI said on banking sector.

RBI Banking Sector Report 2024-25: There is good news for the banking sector. RBI has released a report regarding the trends and progress of the sector in 2024-25. According to the report, the Indian banking system remains strong. The balance sheets of banks have become stronger in FY25.

Double digit growth has been recorded in deposits and credit. Along with this, there has also been improvement in the asset quality of banks. RBI has said in its report that the banking sector has maintained its strength with double digit balance sheet growth in FY25.

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Double digit growth in bank deposits and credit

According to the report, deposit and credit growth in scheduled commercial banks remained in double digits, although it was slightly lower than FY24. The capital to risk-weighted assets ratio of scheduled commercial banks stood at 17.4 percent in March and 17.2 percent in September.

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Improvement in asset quality of banks

The asset quality of banks has continuously improved. Gross NPA has reached its lowest level in several decades. Gross NPA was 2.2 percent in March and 2.1 percent in September. Profitability of banks also remained strong in FY25. Return on assets was recorded at 1.4 percent and return on equity was recorded at 13.5 percent.

Urban co-operative banks have also registered good balance sheet growth. Their asset quality has improved for the fourth consecutive year. Double digit credit growth has also been seen in NBFCs. Strong capital buffers have been maintained and asset quality has also improved.

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