[부동산] NPA 9.3%까지 하락 NPAs decline to 9.3% in FY19, deeper than RBI estimate: CRISIL
[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share with you which is as undermentioned.
System-wide non-performing assets (NPAs) have declined in fiscal 2019 to 9.3%, as of March 2019, after tripling to 11.5% in the four fiscals till March 2018, a CRISIL report said, on June 10, 2019. The report comes at a time, when most banks are at the cusp of an end to the NPA pains after a prolonged period and are concentrating on the resolution now.
In its half-yearly financial stability report in December 2019, the Reserve Bank of India (RBI) had estimated that the gross non-performing assets ratio might improve to 10.3% by March 2019 from 10.8% in September 2018.
“In a sign of possible recovery from the impaired asset load, the gross NPA ratio of both public and private sector banks showed a half-yearly decline, for the first time since March 2015, the financial year prior to the launch of asset quality review by the RBI,” CRISIL said, in the report.
Read more at: https://housing.com/news/sc-strikes-down-rbi-circular-on-insolvency-may-delay-recovery-of-bad-loans/
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