Double-digit YoY aggregate growth in net profit for the fourth consecutive quarter is expected to be driven by select companies from automobiles, banking, finance, and pharmaceutical sectors.
The book value of bad loan sales to ARCs is likely to cross the Rs 10 lakh crore mark by next month from Rs 8.48 lakh crore in March 2023, the report said. The sector s growth rate is likely to moderate further to 5-6% next fiscal due to the cyclically low NPAs in banks and NBFCs.
The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier.
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