Pro forma gross NPAs of 17 banks estimated to be Rs 7 lakh crore

This implies Rs 1.04 lakh crore of bad loans in the system, which is yet to be recognised by the banks. The apex court had earlier directed lenders not to classify fresh non-performing loans from August 31, 2020, till further orders.

from Banking & Finance – The Financial Express https://ift.tt/3rIx7d7