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Survey reveals optimistic banking sector outlook on asset quality and credit gro...
source link: https://nextbigwhat.com/survey-reveals-optimistic-banking-sector-outlook-on-asset-quality-and-credit-growth/
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Survey reveals optimistic banking sector outlook on asset quality and credit growth
- Banks anticipate Gross NPAs to be between 3% and 3.5% in the next six months, with a strong Indian economy driving positive expectations.
- A significant majority of banks reported a decrease in NPA levels, with all public sector banks and 67% of private sector banks noting improvements.
- Credit growth is expected to continue rising, bolstered by economic expansion and digitalization, with a positive outlook for asset quality improvement supported by various factors.
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