Wired property

PSBs will need capital to finance financial revival

Topics

Non-performing property | Indian banking sector | Lockdown

The re-imposition of lockdown in a host of components of the country to beget the spread of Covid-19 will have an impact on the normalisation of commercial teach and elevate uncertainty. A gradual restoration will directly have an impact on the flexibility of debtors to repay debt.

Consequently, non-performing property (NPAs) within the banking system are plug to head up within the impending quarters. Primarily based on the monetary results for the January-March quarter, the scenario within the banking sector improved severely, but there became silent substantial stress, especially within the general public sector banks (PSBs). For instance, PSBs, as a neighborhood, …

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