Coverage: Q2 2025 · Information to 18 July 2025

TGB Quarterly Country Banking Sector Report · 18 July 2025

Indian banks reached mid-2025 with gross non-performing assets at a multi-decadal low of 2.3% and capital adequacy at a record 17.3%, but credit growth slowed to 9.5% as the Reserve Bank of India cut the repo rate by a cumulative 100bp to 5.50% and announced a 100bp cut in the cash reserve ratio.