 "banks, lending, companies, NPAs, probes, investigation, agencies")
The high level of overdues in loan books could spike fresh non-performing assets (NPAs) in the first half of the current fiscal ending September 2021 (H1FY22) amid the surge in Covid cases and its economic impact. However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders, according to rating agency Icra.
The asset quality of banks has surprised positively with a decline in reported gross NPAs to 7.6 per cent this March from 8.6 per cent in March 2020. Net NPAs also declined to 2.5 per cent this March from 3
