New delhi, Dec. 27 -- The asset quality of non-banking financial companies (NBFCs) continued to deteriorate in the first half of fiscal year 2020, while profitability improved, showed the Reserve Bank of India's (RBI's) report on trends and progress in banking.
The proportion of doubtful assets showed a marginal increase in this period from 2% to 2.3% of total assets, RBI said. Doubtful assets are those that have remained non-performing assets (NPA) for more than two years. However, sub-standard assets, classified as NPA for not more than two years, remained unchanged. The gross NPA ratio of non-deposit taking-systematically important NBFCs (NBFC-ND-SI) rose, while that of deposit-taking NBFCs fell in the first half of FY20, according to t...