Mumbai: Gross non-performing assets (GNPAs) of banks have hit a six-year low of 5.9% as of March 2022. But India’s NPA ratio is one of the highest among comparable countries, says a report. Barring Russia, which has a GNPA ratio of 8.3%, every large market has lesser share of bad loans than India. China has a GNPA ratio 1.8%, while it is 2.6% for Indonesia and 5.2% for South Africa. Most developed economies have GNPAs below 3%.
According to a report by CareEdge, bad loans will continue to drop during the current financial year because of higher credit growth and the transfer of legacy assets to National Asset Reconstruction Company.
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