View: A guru and a tycoon feel India’s endless bank salvage pain

The state-dominated lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier. The regulator’s latest stress test projects nonperforming assets to jump to 13.5% of loans and advances by September in its baseline scenario, and 14.8% in the worst-case situation, almost doubling from 7.5% a year earlier.

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