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  • Mon. Nov 4th, 2024

Bad loans may rise to 20-year high due to pandemic: RBI

Byindianadmin

Jul 25, 2020 #pandemic, #year'
Bad loans may rise to 20-year high due to pandemic: RBI

MUMBAI: The Reserve

Bank of India

(RBI) has warned that bad loans in banks could rise to a 20-year high as a result of the economic crisis triggered by the Covid-19

pandemic

. According to the central bank, bad loans could rise from 8.5% in March 2020 to 12.5% by March 2021 under its baseline scenario, and 14.7% if the stress is severe.

In its financial stability report, the RBI hinted at a restructuring of stressed loans going forward. The central bank pointed out that globally governments and regulators

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