Banks may see rise in NPAs in FY10: ING Vysya

Banks may see rise in NPAs in FY10: ING Vysya
PTI
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First Published: Mon, Mar 16 2009. 10 04 PM IST
Updated: Mon, Mar 16 2009. 10 04 PM IST
Mumbai: Indian banks may face rising non-performing assets (NPAs) in the next fiscal because of the economic slowdown, financial services firm ING Vysya said on Monday.
“We expect the NPA levels of Indian banks to go up to 3.5-4% levels in the next financial year as against 2.5-3% expected in this fiscal,” ING Vysya Bank economist (financial markets) Deepali Bhargava told reporters here.
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First Published: Mon, Mar 16 2009. 10 04 PM IST
More Topics: Banks | NPA | ING Vysya | India | Corporate News |