Indian banks' bad loans may rise significantly: Financial stability report

Indian banks may see bad loans double despite signs of an improvement in the economic impact of the COVID-19 pandemic, a report from the Financial Stability and Development Council said on Monday. The gross Non-Performing Assets of banks may increase from 7.5% in September 2020 to 14.

8% under a severe stress scenario. Even under a baseline scenario it may rise to 13.5% by September 2021, the council said. "It is assessed that the worst is behind us, though the recovery path remains uncertain," the council's Financial.....

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