Indian banks' asset quality improves to decade's best in September
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India's banking sector's asset quality continued to improve in the second quarter of the current financial year, easing to a fresh decadal low. The Reserve Bank of India's (RBI) 'Trend and Progress of Banking' report published on Wednesday shows a decline in the gross non-performing assets (GNPA) ratio to 3.2% by September 2023. This positive trend began in 2018-19 and persisted through FY23 and the first half of FY24, the report stated.