National Asset Reconstruction Company: First set of NPA transfer to bad bank likely by January

The plan to set up NARCL comes at an opportune time. Gross NPA ratio of banks may surge to 9.8% by March 2022, under a baseline scenario, from 7.48% in March 2021, driven partly by the Covid crisis, according to the Reserve Bank of India’s Financial Stability report in July.

from Banking & Finance – The Financial Express https://ift.tt/3lXT0EV