Banks post sixth year of profit growth in FY24, bad loans decline further

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Banks post sixth year of profit growth in FY24, bad loans decline further - Business Standard

Quick Summary:

However, CAR improved to 16.8 per cent as of September 30, 2024, according to supervisory data.

The interest expense to interest income ratio increased to 57.4 per cent during 2023-24 from 52.2 per cent in the previous year.

The minimum CAR requirement for banks in India is 9 per cent, or 11.5 per cent inclusive of the capital conservation buffer (CCB), with a Tier-I capital requirement of 7 per cent, both one percentage point above the Basel III requirements.