Are Indian Banks Really Resilient?
While many concerns have been raised about credit growth outpacing deposit growth and, hence, building risk in the banking system, the Indian banking system seems to be showing signs of strength. In September 2024, industry-level Gross Non-Performing Assets (GNPAs) hit a 12-year low of 2.6%. Last year, the system-level GNPA was 3.2%. If a borrower […]