‘Gross NPAs of banks to cross ₹10 lakh crore in March 2022’
The Hindu
The Assocham and Crisil report also noted that the expected increase in GNPAs of both banks and non-banks would lead to resolutions through various routes
With fresh slippages in retail and MSME loans, the gross non-performing assets (GNPAs) of commercial banks are expected to exceed ₹10 lakh crore by March 2022, Assocham and Crisil said in a joint report.
“NPAs are expected to rise to 8.5-9% by March 2022, driven by slippages in retail, micro, small and medium enterprise (MSME) accounts, besides some restructured assets,” the entities said in the report.
“The effectiveness of the Insolvency and Bankruptcy Code (IBC) will be tested by the potential spike in NPAs as the standstill on initiation of fresh insolvency cases for a year ended in March 2021 and as most of the pandemic-induced policies or measures are unlikely to be continued,” they added.
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