PSU banks' gross NPA declines to 5.53%

Public sector banks have made significant improvement in their asset quality, with gross NPAs declining from the peak of 14.6% in March 2018 to 5.53% in December 2022. At the same time, resilience has increased with provision coverage ratio of PSBs rising from 46% to 89.9%. https://ift.tt/xzpYF70