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Banks’ gross NPAs might climb to as much as 14.7%by March: RBI

Byindianadmin

Jul 25, 2020 #Climb, #March
Banks’ gross NPAs might climb to as much as 14.7%by March: RBI

The Reserve Bank of India (RBI) on Friday said its tension tests showed that the gross non-performing possessions (GNPA) ratio of arranged industrial banks (SCBs) might get worse to as high as 14.7%by the end of the existing monetary year, from 8.5%in March 2020, if the negative financial impact of the COVID-19 pandemic was ‘extremely serious’.

Observing that the capital to risk-weighted properties ratio (CRAR) of SCBs edged down to 14.8%in March, from 15%in September 2019, the RBI projected that this ratio could slide to “133%in March 2021 under the standard scenario and t

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