5/7/2024, 10:05:04 am

What June 2024 RBI Financial Stability Report says about Indian banks?

The RBI's June 2024 FSR shows Indian banks expanded business quality in terms of capital adequacy, profitability, and asset quality. Deposit growth rate was 13.5%, driven by private sector banks (20.1%) and foreign banks (15.1%). Credit growth was 19.2%, with private banks at 28.3% and PSU banks at 13.8%. Net NPAs fell to 0.6%, with provision coverage ratio at 76.4%.