Welcome you to the Forty-Sixth edition of DevMantra Times for the month of January 2025. As we step into a brand-new year, we extend our heartfelt gratitude for your continued support and engagement.
Your trust and partnership have been the cornerstone of our journey, and we are excited to carry this
momentum into 2025
Industry & Economic Updates
Gross NPAs of banks decline to 12-year low of 2.6%: RBI report
The Reserve Bank’s report shows that banks’ asset quality has improved. Gross non-performing assets fell to a 12-year low of 2.6% in September 2024. The improvement is driven by falling slippages, higher write-offs, and steady credit demand.Public sector banks and private sector banks haverecorded strong profit growth in the first half of 2024-25.
Join us as we reflect on our past successes and look forward to a vibrant future filled with opportunities for growth and innovation. Don’t miss out—download the full newsletter here to access valuable insights and essential updates that will empower you in this dynamic regulatory landscape!
