‘Bank NPAs set to rise, deposit growth outpacing credit flow’
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‘Expansion in credit in FY21 was the lowest in four years’
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‘Expansion in credit in FY21 was the lowest in four years’
Gross non-performing asset (GNPA) ratios of scheduled commercial banks (SCBs) are expected to shoot up in the coming quarters, according to data compiled by BCT Digital. This is despite the regulatory interventions to provide relief to both borrowers and lenders in the wake of the pandemic.
The GNPA for the banking system was at 7.5% in September 2020, an improvement from pre-pandemic levels, and coming after the asset quality review mandated by the regulator. This number is expected to shoot up to 13.5% in a base-case scenario and 14.8% in an extreme scenario by September 2021 as per RBI’s assessment in the latest Financial Stability Report (FSR), said Jaya Vaidhyanathan, CEO of BCT Digital, which helps banks manage risk.
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Mumbai, June 1 (IANS) Edelweiss Retail Finance Limited (ERFL), an arm of the Edelweiss Group on Tuesday announced strengthening of its existing Co-Lending partnership with Central Bank of India (CBoI), one of India s largest commercial banks for Priority Sector Lending to MSMEs (Micro, Small and Medium Enterprises).
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Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.
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May 25, 2021
KARACHI: Pakistan is closing in on a deal with bilateral creditors that would tie debt relief to the achievement of biodiversity goals, Bloomberg reported on Monday.
The South Asian nation is working with lender countries on a debt-for-nature swap program, which would see debt relief in return for binding commitments to achieve conservation targets. An official letter of intent could be announced as soon as World Environment Day on June 5, which Pakistan is hosting this year.
“Four to five creditors will commit to an intent to engage for a debt-for-nature swap,” Malik Amin Aslam, climate change adviser to Prime Minister Imran Khan, said in an interview. The country is working with the U.K., Germany, Italy and Canada, though that’s yet to be finalized, according to Noor Ahmed, secretary at the government’s economic affairs division.