Thursday, August 30, 2018

RBI's report says NPA mess not yet over

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Reserve Bank of India says that banks will witness a further deterioration in their non-performing assets due to the economic situation prevailing in the current fiscal.

As per RBI's Annual Report 2017-18, gross non-performing assets plus restructured standard advances in the banking system remained elevated at 12.1 per cent of gross advances at end-March 2018.

Going forward, the stress tests carried out by the Reserve Bank suggest that under the baseline assumption of the current economic situation prevailing, the bad loan ratio of scheduled commercial banks may increase further in 2018-19, says the report.

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