"The increase in NPAs will be driven by delinquencies in corporate loans; this asset class accounts for about 56 percent of banks' advances," said Raman Uberoi, Crisil's senior director. Banking sector advances have grown about four-fold over the past seven years to an estimated 27.7 trillion rupees. Crisil projects that, by end-March 2011, the sector's gross NPAs will increase to around 5 percent of its advances. This will mean a tripling of NPAs to 1.9 trillion rupees, Crisil added.
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