he Reserve Bank of India has released the Financial

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The Reserve Bank notified that the net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country’s domestic financial system remains resilient. According to the RBI’s Financial Stability Report (FSR), the resilience of the non-banking financial companies (NBFCs) sector improved with CRAR at 27.6 per cent, GNPA ratio at 4.6 per cent and return on assets (RoA) at 2.9 per cent, respectively, in September 2023. The gross non-performing assets (GNPA) ratio of banks also declined to a multi-year low of 3.2 per cent. It further said that the capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of scheduled commercial banks (SCBS) stood at 16.8 per cent and 13.7 per cent.