The re-imposition of lockdown in various parts of the country to contain the spread of Covid-19 will affect the normalisation of economic activity and increase uncertainty. A gradual recovery will directly affect the ability of borrowers to repay debt.
As a result, non-performing assets (NPAs) in the banking system are bound to go up in the coming quarters. According to the financial results for the January-March quarter, the situation in the banking sector improved somewhat, but there was still considerable stress, especially in the public sector banks (PSBs). For instance, PSBs, as a group, ...
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