Falling NPAs can give a 60-bps booster shot to GDP this fiscal
The brokerage report said for the past nine years, the banking system has grappled with non-performing assets, where ballooning credit costs impaired their capital, constrained credit supply, and was associated with a decline in credit and investment growth.
The Reserve Bank earlier this month pegged FY20 GDP print at 7.2 percent, down 20 bps from its February forecast. Photo: Pixabay