RBI Financial Stability Report, December 2024
The Reserve Bank of India (RBI) has released its Financial Stability Report (FSR) for December 2024, providing a comprehensive analysis of the Indian financial system’s health. The FSR is published biannually, typically in June and December, offering insights into the stability and resilience of the financial sector.
Asset Quality of Banks: The gross non-performing assets (NPAs) ratio of Indian banks has declined to a 12-year low of 2.6% as of September 2024. This improvement is attributed to recoveries, write-offs of legacy bad loans, and a reduction in the growth of bad assets.
Non-Banking Financial Companies (NBFCs): The balance sheets of NBFCs have strengthened, with stress tests indicating that even under high-risk scenarios, their capital requirements would remain well above the minimum needed level.
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