2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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11.2%
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5.9%
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9.1%
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8.7%
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Detailed explanation-1: -As per the Reserve Bank of India (RBI), the Gross Non-Performing Assets (GNPA) ratio, which declined to a seven-year low of 5% in September 2022, is expected to improve further to 4.9% by September 2023.
Detailed explanation-2: -The rise in profitability that aided banks to improve their provisions has resulted in net non-performing assets (NPAs) to net advances ratio falling to 1.3 per cent in September 2022 – the lowest in 10 years - the Reserve Bank of India’s (RBI’s) Financial Stability Report said.
Detailed explanation-3: -The Gross NPA ratio of large borrowers declined to 6.4% in September 2022 from 10% in March 2021.
Detailed explanation-4: -The rate of loan default or NPA under the Emergency Credit Line Guarantee Scheme (ECLGS) introduced after the onset of the COVID-19 pandemic was 4.8 per cent as of March 2022, according to a report.
Detailed explanation-5: -The gross non-performing assets (GNPA) ratio of SCBs has been declining sequentially from its peak in 2017-18 to reach 5.8 per cent at end-March 2022, led by lower slippages as well as reduction in outstanding GNPAs.