Bank NPAs to climb to 9.6-9.7% in FY21 as covid impact surfaces, says Icra2 min read . Updated: 05 Apr 2021, 05:58 PM IST
- In spite of the impact of covid-19 pandemic on debt servicing capability of borrowers, fresh slippages or incremental bad loans stood much lower at Rs1.8 trillion during the April-December period compared with Rs3.6 trillion during FY20
MUMBAI: Although Indian banks reported a decline in bad loans in the December quarter, the impact of the pandemic-induced disruptions on asset quality will be spread over FY21 and FY22, with bad loans expected to rise to 9.6-9.7% by 31 March, 2021, and to 9.9-10.2% by 31 March, 2022.
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