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The Times of India

Business

PTI

Bad loans of banks expected to decline further to 5.3% by March 2023: RBI report

RBI Reserve Bank FSR Mumbai

MUMBAI: The Reserve Bank on Thursday said the bad loans of banks are expected to further decline to 5.3 per cent of total advances by March 2023 from a six-year low on the back of growth in credit and declining trend in the stock of NPAs.

However, it cautioned that the proportion of bad loans may increase if the macroeconomic environment worsens.

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