NPA sales to NARCL expected to help contain NPAs by at least 50 bps, says report

Crisil expects slippages to trend 50 bps ( one bps os 0.03 percent) lower at 2.0% for fiscal 2024 versus 2.5% last fiscal as the economy stabilises. This should support asset quality metrics even as the pace of write-offs, which contributed almost 60% to the reduction in gross NPAs in the past three fiscals, and large-ticket resolutions decelerate.

from Banking/Finance-Industry-Economic Times https://ift.tt/IJzG7e3