Credit and finance for MSMEs: Even as gross non-performing assets (GNPAs) of banks are likely to improve to a decadal low of around 4 per cent in the next financial year 2023-24 on the back of the biggest improvement in the corporate segment, the asset quality in the MSME segment may deteriorate. According to a Crisil Ratings statement on Wednesday, gross NPAs in the MSME segment, which suffered the most during the pandemic, may rise to around 10-11 per cent by March 2024 from approximately 9.3 per cent as on March 31, 2022.