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Asset quality of Indian banks improved to a decadal high: Trend and Progress of Banking in India report

Published on December 29, 2023
Current Context: On 27th December 2023, The “Report on Trend and Progress of Banking in India 2022-23” released by the Reserve Bank of India (RBI) indeed highlighted that the Indian banking system is in its best position in the last decade.
Asset quality of Indian banks improved to a decadal high: Trend and Progress of Banking in India report
  • The report showed that the banks’ gross non-performing asset (GNPA) ratio continued to improve in the second quarter of the current financial year, easing to 3.2% as of the end of September.
  • This indicates a significant improvement in the asset quality of Indian banks. However, the report also highlighted the risks of fraud within the banking sector.
  • Despite the surge in cases, the total number of reported frauds by banks declined to a six-year low.

Question:

Q.1 Who released the “Report on Trend and Progress of Banking in India 2022-23”?
a. The Government of India
b. The Reserve Bank of India
c. The Ministry of Finance, India
d. The Securities and Exchange Board of India

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