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GNPA ratio of banks declined to 7.5% in September, says RBI Trends and Progress report

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Scheduled Commercial Banks’ (SCBs)gross non-performing assets (GNPA) ratio declined from 9.1 percent at end-March 2019 to 8.2 percent at end-March 2020 and further to 7.5 percent at end-September 2020, the Reserve Bank of India (RBI) said in its Report on Trend and Progress of Banking in India 2019-20 on December 29.

Further, the capital to risk weighted assets (CRAR) ratio of SCBs strengthened from 14.3 percent at end-March 2019 to 14.7 percent at end-March 2020 and further to 15.8 per cent at end-September 2020, partly aided by recapitalisation of public sector banks (PSBs) and capital raising from the market by both public and private sector banks, the RBI said.

Also, net profits of SCBs turned around in 2019-20 after losses in the previous two years. In H1, 2020-21, their financial performance was shored up by the moratorium, standstill in asset classification, and ploughing back of dividends, the RBI report said, adding, during 2019-20 and first half of 2020-21, SCBs consolidated the gains achieved after the turnaround in 2018-19.