Bank profits rose for 6th year in a row in FY24, asset quality up

December 27, 2024

RBI reported that Indian banks’ profitability improved for the sixth consecutive year as of March 2024, with asset quality reaching a 13-year low in non-performing assets. Banks’ net profit rose by nearly 33% and GNPA ratio fell to 2.7%, driven by better recoveries and upgrades.

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