Gross NPAs rise to 7.6% in 2015-16: RBI
The gross non-performing assets (NPAs) ratio of public-sector banks rose to 7.6% from 5.1% between September 2015 and March 2016, the Reserve Bank of India (RBI) said in its bi-annual Financial Stability Report. The report, released on Tuesday, estimates that gross NPAs may increase further to 9.3% by March 2017 under a "severe stress scenario". 