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Care Ratings Research Report
The gross non-performing assets ratio of Scheduled Commercial Banks stood at 8.2% in Q1 FY21 against 9.5% in Q1 FY20.
SCBs' asset quality has seen some improvement (GNPA reduction) due to recoveries and higher write-offs.
The end of FY21 GNPA numbers would move significantly ahead from the 8.5% level witnessed at the end of FY20, but would be moderated by the one-time restructuring scheme and ongoing write-offs.
The additions to the GNPAs would primarily from:
- Loans under SMA 1 and SMA 2 categories which were under moratorium and not eligible for restructuring
- Lower rated/stressed corporates and personal loans not eligible for the restructuring scheme
- Banking exposure to unsecured personal loans
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