Gross NPAs Of Banks Fall To 6-Year Low Of 5.9% In March 2022: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Wednesday said that gross non-performing assets (NPA) have come down to a six-year low of 5.9 per cent in March 2022. Finance Minister was replying to the Discussion on Supplementary Demands for Grants (2022-2023) & Demands for Excess Grants (2019-2020) in Rajya Sabha. Sitharaman also said that the corporate sector has been deleveraging its balance sheet as evident in the decline of core debt of the private non-financial sector which has decreased to 87.8 per cent of GDP in June 2022 from 97.4 per cent in March 2016.