Gross NPAs of banks may rise to 9.6-9.7% by March-end: Report

The rating agency, in a report, said despite the impact of the COVID-19 pandemic on the debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at Rs 1.8 lakh crore during the first nine months of fiscal 2020-21 as compared to Rs 3.6 lakh crore during the financial year 2020.

from Banking/Finance-Industry-Economic Times https://ift.tt/3wuCv6M