The gross non-performing assets (GNPAs) and net NPAs of banks improved to 5.97 per cent and 1.7 per cent as of March 31, 2022, from 9.23 per cent and 3.66 per cent as of September 2019, respectively, he said.
Real estate sector GNPAs of non-bank lenders likely to exceed 9% in FY22: ICRA : Rashtra News #Real #estate #sector #GNPAs #nonbank #lenders #exceed #FY22 #ICRA The real estate AUM of NBFCs is likely to de grow 0-5% in the next fiscal. Non-banking finance companies (NBFCs) and housing finance companies (HFCs) are likely to see […]
Non-banking financial companies (NBFCs) asset under management (AUM) is likely to grow 8-10% in the fiscal 2023, helped by improvement in economic activity and strengthened balance sheet buffers, according to a report by Crisil Ratings
Banks likely to see gross NPAs rise nearly 10% by year-end: Report
Banks likely to see gross NPAs rise nearly 10% by year-end: Report
A report by ICRA expects banks’ gross NPAs (excluding write-offs) to rise 9.6-9.7 per cent by March 31, 2021. The rating agency further predicts GNPAs to rise over 10 per cent by March 31, 2022. The sharp rise in GNPAs will severely deteriorate banks’ asset quality, spread over FY21 and FY22.
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UPDATED: April 6, 2021 11:50 IST
The sharp rise in NPAs could put the banks under serious pressure. (Photo: Reuters/Representational image)
Even as the economy emerges from last year’s critical slump, the trouble for India’s banking sector is far from over. The reason behind this is the large pool of bank loans that have been put under the “overdue categories” after customers opted for moratoriums and restructuring of loans.