Statsguru: Gross NPAs of scheduled commercial banks rise to 11.6% in FY18

Gross non-performing assets (GNPAs) of scheduled commercial banks rose to a staggering 11.6 per cent at the end of March 2018, up from 10.2 per cent in September 2017 (Chart 1), noted the Reserve Bank of India (RBI) in its latest Financial Stability Report. In a business as usual scenario, the RBI expects bad loans to rise to 12.2 per cent by March 2019.
 
However, it warns that if macroeconomic conditions were to deteriorate, GNPAs of public sector banks may well touch 17.3 per cent by March 2019. However, the data presented in the report suggests there is reason