👌👌சூப்பர்
thread about Indian
#NPA cycles
In 2018, India's banking sector was on the verge of collapse. NPAs had hit 11.2% - the worst crisis since independence.
However, by 2024, NPAs had dropped to 2.6% - a 12-year low. Banks recorded a profit of ₹3.1 lakh crore.
🧵How did India pull off this remarkable turnaround?
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