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.
This story is from the July 11, 2022 edition of The Times of India Mumbai.
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This story is from the July 11, 2022 edition of The Times of India Mumbai.
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