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Gross NPAs may spike to 11.5% by March: report

Oct 14, 2020 12:19 IST

The pandemic-induced one-time loan restructuring will spike the system-wide gross non-performing assets to 11.5% by March, Care Rating said. The rating agency expects 4-5% of the existing loans to be stressed and opt for restructurings through the course of the year. The system-wide GNPAs stood at 8.2% in Q1FY21, down from 9.5% in Q1FY20, thanks to the recoveries and higher write-offs during the period.