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The gross non-performing asset (GNPA) ratio of scheduled commercial banks (SCBs) fell to 3.2 per cent at end-September from 3.9 per cent at end-March according to a report by RBI. The GNPA ratio remained the highest for the agricultural sector and the lowest for retail loans as at end-September, the report on Trends and Progress of Banking in India 2022-23 (FY23). The asset quality of the industrial sector improved further, with its GNPA ratio at 4.2 per cent at end-September 2023. Within the industry, the reduction in the GNPA ratio of large industries from 22.9 per cent at end-March 2018 to 4.6 per cent at end-June 2023 was noteworthy. The report said non-banking financial companies (NBFCs) gross advances grew by 16.1 per cent in 2022-23 from 9 per cent in 2021-22. NBFCs’ double digit credit growth was driven by unsecured loans which grew more than twice as fast as secured loans.
The existing Foreign Trade Policy (FTP) was extended by Directorate General of Foreign Trade (DGFT) till?
Who won the 'NSG Counter-IED and Counter-Terrorism Innovator Award 2021'?
Which entity is the sole nationalized reinsurance company in the Indian insurance market?
Recently the Government has extended the Phase II of the FAME INDIA scheme for how many years?
What has been the Global Birth Rate (crude) in the year 2020, according to the World Bank?
To which of the following states does the Pattachitra style of folk painting belong?
In which year was the 'Naye Bharat Ke Sapne' campaign launched by Meta and the Ministry of Women?
Which ruler has created Taj Mahal?
Which of the following expressions represents the conversion of 1 kWh in joules?
Which company offers the Super 400 and Super 400 Pro variants of solar PV modules in the Indian market?