NPLs ‘must’ rise during downturns – MAS’s Menon
If NPLs do not rise, that is a sign banks are not doing their jobs right, MAS chief says
The level of non-performing loans (NPLs) “must” rise amidst cyclical headwinds, according to the managing director of the Monetary Authority of Singapore (MAS).
Speaking on May 29, Ravi Menon said the weaker global economic growth, prolonged accommodative monetary policy and deteriorating asset quality have undermined the profitability of Asian banks.
“If NPLs did not rise at all during difficult times, then the banks are probably not lending enough or taking on sufficient risk to promote
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