Banks’ consolidated balance sheet hits double-digit growth in FY22: Report

MUMBAI: The consolidated balance sheet of Indian banks notched double-digit growth in 2021-22, after a gap of seven years, led by credit growth that accelerated to a ten-year high in the first half of the year, the central bank said in a report on Tuesday.
Banks’ gross non-performing asset ratio has been declining sequentially and reached 5% as of end-September, the Reserve Bank of India said in its report on the Trends and Progress of Banking in India.

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