Banks see bad loan ratio drop to 13 year low: RBI

According to a recent report, Indian banks have seen a drop in their bad loan ratios to a 13-year low. The reduction in bad loans is attributed to improved asset quality and more efficient recovery mechanisms. Banks have been focusing on cleaning up their balance sheets and strengthening their risk management practices. The RBI’s regulatory measures and stricter monitoring of non-performing assets (NPAs) have also played a crucial role in improving the banking sector’s financial health.