November 23, 2024 00:03 (IST)
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Banking sector set to achieve best asset quality; Net NPAs to drop to best level in over a decade

Banking sector set to achieve best asset quality; Net NPAs to drop to best level in over a decade

New Delhi: The banking sector is set to achieve its best asset quality in over a decade this fiscal year, with headline gross NPAs and net NPAs declining to 2.63% and 0.83% respectively in March 2023, according to Moody's and Icra Ratings, reported media.