Banks likely to see gross NPAs rise nearly 10% by year-end: Report Banks likely to see gross NPAs rise nearly 10% by year-end: Report A report by ICRA expects banks’ gross NPAs (excluding write-offs) to rise 9.6-9.7 per cent by March 31, 2021. The rating agency further predicts GNPAs to rise over 10 per cent by March 31, 2022. The sharp rise in GNPAs will severely deteriorate banks’ asset quality, spread over FY21 and FY22. advertisement UPDATED: April 6, 2021 11:50 IST The sharp rise in NPAs could put the banks under serious pressure. (Photo: Reuters/Representational image) Even as the economy emerges from last year’s critical slump, the trouble for India’s banking sector is far from over. The reason behind this is the large pool of bank loans that have been put under the “overdue categories” after customers opted for moratoriums and restructuring of loans.