'MSME NPAs may witness an inch-up in select export-oriented sectors, also with seasoning; retail unsecured loans remain a monitorable,' said Crisil in a presentation during its Banking conclave 2025. The gross NPAs and gross NPA ratio of the MSME Sector have continuously decreased during the same period. till December 31, furnished by RBI, both Gross NPAs and Gross NPA ratio of the MSME Sector decline. Gross NPAs in the MSME sector stood at around Rs 1,87,255 crore, giving a gross NPA ratio of about 11 per cent. Gross NPAs had reduced to around Rs 1,25,217 crore, bringing down the gross NPA ratio to about 4 per cent.