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S&P Global projects a decrease in Indian banks' non-performing assets (NPAs) to what percentage by the end of Fiscal Year 2023–24 and a further reduction to 3.5% by the end of Fiscal Year 2024–25?

1. 2.5
2. 3.75
3. 3.9
4. 4.5

Correct answer: 4.5

Solution

S&P Global’s projection states that Indian banks' NPAs are expected to fall to 4.5% by the end of FY 2023–24, and then further to 3.5% by FY 2024–25. Hence, the correct option is 4.5.

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