Indian SCBs Clock Highest-Ever Net Profit At Rs 23.50 lakh Cr In FY24, Reduce NPAs
New Delhi: The gross non-performing asset (NPA) ratio for scheduled commercial banks (SCBs) have improved significantly with a reduction to 2.67 per cent in June 2024 from 11.18 per cent in March 2018, according to the government. Moreover, SCBs recorded highest-ever aggregate net profit of Rs 23.50 lakh crore in FY2023-24, against a net profit […]