CURRENT AFFAIRS

Detailed explanation-1: -As per Reserve Bank of India (RBI) data on global operations, gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) have declined from Rs. 9, 33, 779 crore (GNPA ratio of 9.07%) as on 31.3.

Detailed explanation-2: -The net non-performing assets (NNPA) ratio fell to 1.7% in March 2022. Macro-stress tests for credit risk reveal that scheduled commercial banks (SCBs) are well-capitalised and all banks would be able to comply with the minimum capital requirements even under adverse stress scenarios, it added.

Detailed explanation-3: -In financial year 2021, public sector banks in India reported a total of over six trillion Indian rupees in gross non-performing assets (NPA).

Detailed explanation-4: -2.6 Asset Quality of SCBs continued to improve steadily through the year, with gross non-performing assets (GNPA) ratio declining from 7.4 per cent in March 2021 to a six-year low of 5.9 per cent in March 2022 (Chart 2.2 a).

Detailed explanation-5: -The total NPAs of all scheduled commercial banks, ie, PSBs plus private and foreign banks, for the first eight years of Modi’s rule (2014-15 to 2021-22) to Rs 66.5 lakh crore.