NPLs of banks likely to decline to 5-5.5% of total advances by March 2024: S&P Global Ratings
S&P Global Ratings in its latest report has said that non-performing loans (NPLs) of banks are expected to decline to 5-5.5 per cent of the total advances by March 2024. Similarly, it forecast the credit costs to stabilise at 1.5 per cent for fiscal 2023 and further normalise to 1.3 per cent, making credit costs … Read more