Domestic rating agency Icra Ratings on Wednesday maintained a positive outlook on the banking sector driven by improvement in asset quality and healthy credit growth going ahead.
The agency expects gross non-performing assets (GNPAs) and the net NPAs (NNPAs) to decline to 2.8-3.1 per cent and 0.7 per cent, respectively. By March 2025, the GNPA is further expected to moderate to 2.1-2.5 per cent and the NNPA to 0.5-0.6 per cent.
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