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Gross NPAs of banks may decline to 2.4 pc by March 2025: Fitch
The Statesman Bhubaneswar
|January 24, 2025
Rating agency Fitch has said that the gross non-performing assets (NPAs) of Indian banks may decline by 40 basis points to 2.4 per cent by March 2025.
It may further drop by 20 basis points in the next financial year, it added.
Stress in retail loans is rising, particularly in unsecured credit, but robust growth, recoveries and write-offs are expected to offset the increase in fresh bad loans, Fitch said in a statement.
"We believe the difference from our forecast partly reflects variance of opinions on the timing and extent of risk crystallisation, banks' exposure at risk, loan growth and India's economic performance," said Fitch.
This story is from the January 24, 2025 edition of The Statesman Bhubaneswar.
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