![Budget 2024: Gross NPAs as % of advances falling](https://images.assettype.com/fortuneindia%2F2024-02%2Fa0b7e67a-7e73-44bd-b2fb-7f0d7d2752aa%2FGross_NPAs.jpg?w=300&q=95)
Budget 2024: Gross NPAs as % of advances falling
NPAs reached their lowest to 3.2% of total advances in FY23
NPAs reached their lowest to 3.2% of total advances in FY23
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
Gross NPAs of Indian banks are likely to improve 90 bps to 5% this fiscal on-year, says ratings agency CRISIL