ICRA warns of significant jump in bad loans in current fiscal year

The ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at Rs 1.8 lakh crore at the web of December 2020, as compared to Rs. 3.6 lakh crore same time the year prior.

from Banking/Finance-Industry-Economic Times https://ift.tt/3fH9WNx