Restructured standard advances ratio, especially of services and retail loans, has shown a sharp increase in FY21 though. Some of these could turn into NPAs, adding to banks’ stress assets.
Top 10 players added 82% of incremental cards in January 2022. However, per card spend per month has fallen from a record high YoY growth of 160% in April 2021 to a low of 17.7% in January 2022
