GNPA of PSBs declines to 3.12 pc in Sep from peak of 14.58 pc in Mar 2018: FinMin

Indian public sector banks' gross non-performing assets fell to a 10-year low of 3.12% by September 2024, aided by government reforms. Profitability soared, with record net profits and increased dividend payouts. Financial inclusion deepened with a surge in Jan Dhan accounts and collateral-free loans. Bank branches expanded, and MSME lending grew significantly.