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Nonperforming loans fell to 6.9% by end-September 2021: RBI Report
short by Ashley Paul / on Tuesday, 28 December, 2021
Non-performing loans (NPLs) of India's scheduled commercial banks fell to 6.9% of its total loans by September-end, the Reserve Bank of India (RBI) said in its "Trends and Progress of Banking" report. Gross NPLs stood at 7.3% in March 2021, the report further noted. Loans are categorised as NPLs when the borrower fails to make scheduled payments to the bank.
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