Budget 2024: Gross NPAs as % of advances falling
NPAs reached their lowest to 3.2% of total advances in FY23
NPAs reached their lowest to 3.2% of total advances in FY23
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
Gross NPAs of Indian banks are likely to improve 90 bps to 5% this fiscal on-year, says ratings agency CRISIL