Question
What is the Net NPA ratio of IIFCL as on
31st March 2024?Solution
As per the annual report of IIFCL for 2023-24, as on 31 March 2024, the gross NPA was 1.61% (improved from 4.76%) and Net NPA was 0.46% (improved from 1.45%). The Provision coverage ratio was 71.53% as on 31 March 2024.
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