Economic Survey calls for fresh review of asset quality of banks post COVID
The exercise, if it happens, will have huge implications in the banking system. A bad loan clean-up will mean banks will see a sharp spike in bad loans from the current level.
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Chief Economic Advisor Krishnamurthy Subramanian addresses a press conference on Economic Survey 2020-21, in New Delhi. (Photo | PTI)
By Express News Service
NEW DELHI: In a bid to get a clearer picture of the banking system asset quality, the Economic Survey has called for a fresh review of asset quality of banks after the Covid-19-related regulatory forbearances are removed.