Bad loans may rise to 9.8% at India’s lenders: Draft RBI report3 min read 01 Jul 2021, 12:16 AM IST
The draft report said troubled loans would mainly emerge from micro, small and medium units and retail borrowers
India’s banks should brace for another wave of stress as bad loans may touch 9.8% of their loan book by the end of the fiscal year from 7.5% in FY21, a draft version of the Reserve Bank of India’s (RBI) financial stability report (FSR) said. The second wave of the pandemic is expected to have had an adverse impact on the income prospects of both corporate and individual borrowers.
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