Quality of banks' retail loans dips, India Ratings projects total gross NPA at 8.6% for FY22

The rating company’s NPA estimate is much more benign than 9.8% projected by Reserve Bank of India’s Financial Stability Report even as it expressed concerns over significant stress on banks’ retail and MSME loan books. It projected overall stressed assets at 10.3% for FY22 expecting provisioning cost to rise to 1.9% from its earlier estimate of 1.5%.

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