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Searched Tag: gross non performing assets

A recent report by domestic rating agency Care Ratings suggests that the Gross Non-Performing Assets (GNPA) are set to see further improvement, potentially reaching up to 2.1 percent by the end of the fiscal year 2025.

Indian banking system's gross NPAs expected to improve to 2.1% by FY25: Report

March 29, 2024, 05:24 PM - 2 min read

The journey towards restoring balance sheet integrity commenced with the Reserve Bank of India (RBI)'s directive in the mid-2010s, prompting banks to undertake a comprehensive assessment and classification of stressed assets as Non-Performing Assets (NPAs).

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