India Banks’ Bad Loans Drop to 4.4% of Total Assets, Das Says

Indian banks have stayed resilient and bad loans have fallen substantially, according to Reserve Bank of India Governor Shaktikanta Das.

The gross non-performing assets ratio of banks have fallen to 4.41% at end-2022, Das said Thursday at a conference on global financial resilience. This is the lowest since March 2015 and compares with 5.8% in end-March 2022 and 7.3% as of March 31, 2021. The capital adequacy ratio of banks stood at 16.1% at the end of December, well above the regulatory requirement.