Bad Loans Likely To Rise Up To 9% By Fiscal-End: CRISIL
Gross non-performing assets (NPAs) of banks are likely to rise to 8 per cent to 9 per cent by the end of the current financial year, compared to 7.5 per cent of last year, rating agency CRISIL said in a report. The Coronavirus relief measures like restructuring and emergency credit line guarantee scheme will help in limiting the rise, it added. The rise in NPAs, said Krishnan Sitaraman, CRISIL’s senior director and deputy chief ratings officer, will be led mainly by retail clients and micro, small and medium enterprise (MSME)…
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