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CareEdge Research Report
Bank credit growth reached double digits outpacing deposit growth. The personal loans segment has remained the largest segment, credit offtake from the industrial sector improved after falling in FY21.
The private sector banks have continued to outpace the public sector banks. The interest rate has moved towards the external benchmark for lending, increasing its share from 2.4% in September 2019 to 43.6% in March-2022.
In FY22, the gross non-performing asset ratio fell to 5.9%, a six-year low, and the overall provision coverage ratio improved to 70.9%.
Restructuring of loans by entities impacted by the second wave of Covid-19 under the Resolution Framework 2.0 stood at 1.6% of total advances in December 2021 versus the restructuring under Resolution Framework 1.0 which was limited to 1% of total advances.
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