Rating agency Fitch has said that the gross non-performing assets (NPAs) of Indian banks may decline by 40 basis points to 2.4% by March 2025. It may further drop by 20 basis points in the next financial year, it added.
Ratings agency Fitch has revised Pakistan's outlook from 'stable' to 'negative', citing several reasons for the downgrade, including adjustment risks, financing, political risks and declining reserves.
The agency expects growth to rebound to 11 per cent in FY22, but there are downside risks.
