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Banks may add Rs 2.6 lakh cr worth NPAs to existing pile by FY19-end: Fitch

It estimates that banks were already sitting on unrecognised stressed loans worth Rs 7.7 lakh cr

Reuters  |  Mumbai 

Banks may add Rs 2.6 lakh cr worth NPAs to existing pile by FY19-end: Fitch

Indian could potentially add as much as Rs 2.6 lakh crore ($40.58 billion) worth of by March 2019 to their existing pile, India Ratings and Research said on Wednesday.

The rating agency, an affiliate of Fitch, said it estimated were sitting on unrecognised worth Rs 7.7 lakh crore.

"While a sizeable proportion of the unrecognised stressed exposure has strong group linkage or some form of parental support, potentially half of it could further slip in the next 12-18 months," India Ratings analysts led by Udit Kariwala wrote in a note.

As of end-December, in India had of Rs 9.64 lakh crore, according to government data.

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Banks may add Rs 2.6 lakh cr worth NPAs to existing pile by FY19-end: Fitch

It estimates that banks were already sitting on unrecognised stressed loans worth Rs 7.7 lakh cr

It estimates that banks were already sitting on unrecognised stressed loans worth Rs 7.7 lakh cr

Indian could potentially add as much as Rs 2.6 lakh crore ($40.58 billion) worth of by March 2019 to their existing pile, India Ratings and Research said on Wednesday.

The rating agency, an affiliate of Fitch, said it estimated were sitting on unrecognised worth Rs 7.7 lakh crore.

"While a sizeable proportion of the unrecognised stressed exposure has strong group linkage or some form of parental support, potentially half of it could further slip in the next 12-18 months," India Ratings analysts led by Udit Kariwala wrote in a note.

As of end-December, in India had of Rs 9.64 lakh crore, according to government data.

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Business Standard
177 22

Banks may add Rs 2.6 lakh cr worth NPAs to existing pile by FY19-end: Fitch

It estimates that banks were already sitting on unrecognised stressed loans worth Rs 7.7 lakh cr

Indian could potentially add as much as Rs 2.6 lakh crore ($40.58 billion) worth of by March 2019 to their existing pile, India Ratings and Research said on Wednesday.

The rating agency, an affiliate of Fitch, said it estimated were sitting on unrecognised worth Rs 7.7 lakh crore.

"While a sizeable proportion of the unrecognised stressed exposure has strong group linkage or some form of parental support, potentially half of it could further slip in the next 12-18 months," India Ratings analysts led by Udit Kariwala wrote in a note.

As of end-December, in India had of Rs 9.64 lakh crore, according to government data.

image
Business Standard
177 22