RBI

Mumbai/New Delhi, June 27 (HS). The Reserve Bank of India (RBI) has said in a report that the Indian economy and financial system remain strong and resilient, as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 percent at the end of March.

The Reserve Bank on Thursday released the Financial Stability Report (FSR) for June 2024. The report states that the GNPA ratio of scheduled commercial banks has come down to a multi-year low of 2.8 per cent, while the net non-performing asset (NNPA) ratio stood at 0.6 per cent at the end of March. According to the report, the Indian economy and financial system remain strong and resilient.

Reserve Bank of India Governor Shaktikanta Das has asked all stakeholders of the financial system to give 'top priority' to governance. In the foreword to the central bank's half-yearly Financial Stability Report (FSR), Shaktikanta Das said that the Indian economy is showing strength with strong macroeconomic fundamentals amid global challenges.