Indian Banking Sector: Blazing a Growth Trail for Indian Economy
The Indian banking sector is experiencing robust growth and stability, with key indicators at impressive levels. Gross Non-Performing Assets (GNPA) have fallen to a 13-year low of 2.75%, while Net Non-Performing Assets (NNPA) are at a 20-year low of 0.60%, reflecting a healthy loan portfolio. Profitability is at a 20-year high, with the Net Interest Margin (NIM) at 3.27%, and Return on Equity (ROE) nearing a 20-year peak at 14.6%. Capital adequacy remains strong with a Capital to Risk-Weighted Assets Ratio (CRAR) of 16.9%, well above regulatory requirements. Projections indicate double-digit loan growth, with the sector poised to lend Rs 230 trillion by 2030, expanding at a 15.3% CAGR.
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