Welcome you to the Forty-Sixth edition of DevMantra Times for the month of January 2025. As we step into a brand-new year, we extend our heartfelt gratitude for your continued support and engagement. Your trust and partnership have been the cornerstone of our journey, and we are excited to carry this momentum into 2025.
Gross NPAs of banks decline to 12-year low of 2.6%: RBI report: The Reserve Bank's report shows that banks' asset quality has improved. Gross non-performing assets fell to a 12-year low of 2.6% in September 2024. The improvement is driven by falling slippages, higher write-offs, and steady credit demand. Public sector banks and private sector banks have recorded strong profit growth in the first half of 2024-25.
