IIFCL hopes to bring down NPAs to sub-2.5 pc level by March 2023

He said the net NPA was close to double digits at 9.75 per cent at the end of March 2020, while gross NPAs stood at 19.70 per cent. Aggressive recovery and resolution strategy pursued by IIFCL helped it bring down NPAs significantly in a short span of time, he noted.

from Banking/Finance-Industry-Economic Times https://ift.tt/yi3FNtD