The GNPA ratio now stands at 2.8 per cent, a reduction from 3.8 per cent a year ago. This drop is primarily due to lower slippages, higher recoveries, and steady write-offs over the last year
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The lender reports a sequential increase in gross NPAs of 11 basis points to 1.54 per cent and a sequential increase in net NPAs of 3 basis points to 0.34 per cent in Q1
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