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Banks' balance sheet grows in double digits after 7 years: RBI report

Gross NPA slips to 5%; regulator flags slippages from recast accounts

RBI placces bank holidays into three separate brackets.

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4 min read Last Updated : Dec 27 2022 | 11:36 PM IST

The health of Indian banks continued to improve in 2021-22 with their balance sheet growing at double digits after a gap of seven years and their asset quality and capital position bettering, the Reserve Bank of India (RBI) said in its annual report on trend and progress of banking in India.

At the same time, the banking regulator flagged the issue of slippages from restructured accounts. “Going forward, it is imperative that banks ensure due diligence and robust credit appraisal to limit credit risk,” the report said.

“If downside risks materialise, asset quality could be affected. Hence, slippages in restructured

Topics : Reserve Bank of India Banks Banks NPA RBI Policy Gross NPAs balance sheet Banking sector Bank NPAs Indian Banks Banking system

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