Bad assets of banks continue to decline, Indian economy remains resilient: RBI report

RBI released the 28th issue of the Financial Stability Report, December 2023. The report highlights the decline in gross non-performing assets (GNPA) and net non-performing assets (NNPA) ratios of scheduled commercial banks. The Indian economy and domestic financial system remain resilient. However, the global economy faces challenges such as slowing growth and increasing economic fragmentation. The report also mentions the capital and resilience of scheduled commercial banks and non-banking financial companies (NBFCs). The Financial Stability Reports assess risks and the resilience of the financial sector.