Coverage: Q2 2024 · Information to 3 July 2024

TGB Quarterly Country Banking Sector Report · 3 July 2024

Indian banks enter 2024-25 with a gross NPA ratio of 2.8%, a capital ratio of 16.8% and credit still growing faster than deposits, while the Reserve Bank holds the repo rate at 6.50% and leans on prudential tools rather than rates to cool the riskier segments of lending.