“The rise in NPAs is also because of a consistent decline in the loan portfolio especially the wholesale book since FY19,” the rating agency noted. “Stage 3 asset proportion is higher for the wholesale book (15.9%) than for the retail book (3.8%) in 1QFY22.”
The Jacob Zuma Foundation spokesperson Mzwanele Manyi has taken a swipe at the NPA for asking that the former president be taken for a second medical observation.