<h1>RBI Report: Bank Asset Quality Hits 12-Year Best with GNPA at 2.6%, but Rising Write-Offs Raise Concerns.</h1> The Reserve Bank of India's report indicates that banks' asset quality has improved, with gross non-performing assets (GNPA) dropping to a 12-year low of 2.6% as of September 2024. This decline is attributed to reduced slippages and steady credit demand. However, concerns were raised about rising write-offs, particularly in private sector banks, potentially obscuring issues in unsecured lending. The net NPA ratio stands at 0.6%. The report highlights improved asset quality across sectors, a decrease in large borrower GNPA, and increased profitability for scheduled commercial banks. Despite improvements, the GNPA ratio could rise under adverse economic scenarios.