RBI scales back predictions of rise in stressed assets
Indian central bank says policy support has helped curb rise in non-performing assets
The Reserve Bank of India expects a rise in non-performing assets (NPAs) in the coming months but predicts the increase will be smaller than previously feared.
The RBI’s latest financial stability report, published on July 1, presents the results of its stress tests. Gross NPAs are expected to rise from 7.5% in March 2021 to 9.8% of total loans in March 2022 in the baseline scenario. The central bank adds that NPAs could rise to 11.2% under “severe stress”.
That represents an improvement from
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