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    HomeNewsBusinessCredit card bad debt doubles to 18% for state-run banks: RBI Financial Stability Report

    Credit card bad debt doubles to 18% for state-run banks: RBI Financial Stability Report

    On a year-on-year basis, data with the FSR showed that the NPA for credit cards has increased from 9 percent in March 2022 to 18 percent in March 2023

    Moneycontrol News
    June 29, 2023 / 07:41 IST
    credit card NPA

    Representative image

    The non-performing asset (NPA) in credit card segments for public sector banks stood at 18 percent as on March 2023 compared with 9 percent a year ago, according to data from the Reserve Bank of India (RBI) Financial Stability Report.

    "While there has been an overall improvement in asset quality in respect of personal loans, impairments in the credit card receivables segment have risen marginally," the FSR report said.

    On a year-on-year basis, data with the FSR showed that the NPA for credit cards has increased from 9 percent in March 2022 to 18 percent in March 2023.

    Moneycontrol News
    first published: Jun 28, 2023 05:24 pm

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