<p>The consolidated balance sheet of Indian banks notched double-digit growth in 2021/22, after a gap of seven years, led by credit growth that accelerated to a ten-year high in the first half of the year, the central bank said in a report on Tuesday.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/indias-digital-economy-grew-24-times-faster-than-the-economy-from-2014-19-rbi-paper-1173685.html" target="_blank">India's digital economy grew 2.4 times faster than the economy from 2014-19: RBI paper</a></strong></p>.<p>Banks' gross non-performing asset ratio has been declining sequentially and reached 5 per cent as of end-September, the Reserve Bank of India said in its report on the Trends and Progress of Banking in India.</p>
<p>The consolidated balance sheet of Indian banks notched double-digit growth in 2021/22, after a gap of seven years, led by credit growth that accelerated to a ten-year high in the first half of the year, the central bank said in a report on Tuesday.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/indias-digital-economy-grew-24-times-faster-than-the-economy-from-2014-19-rbi-paper-1173685.html" target="_blank">India's digital economy grew 2.4 times faster than the economy from 2014-19: RBI paper</a></strong></p>.<p>Banks' gross non-performing asset ratio has been declining sequentially and reached 5 per cent as of end-September, the Reserve Bank of India said in its report on the Trends and Progress of Banking in India.</p>