India hopes to reduce NPAs upto $127 bn |
According to a new study conducted by the Associated Chambers of Commerce and Industry of India, the Indian banking system`s gross non performing assets may come down a notch to 127 billion dollars by the end of the current fiscal year, from 131 billion dollars as on March 31, 2019. The study states that there is significant potential opportunity for stressed assets investors, given around 131 billion dollars NPAs in the banking system as on March 31, 2019. Of this, the corporate segment, which has seen active interest from most investors, is estimated to account for 70 percent. The study said that large stressed borrowers have debt aggregating to 75.4 billions dollars, which is a huge playing field in itself for investors. According to the study, power, infrastructure and steel sectors together constitute about half of 57.2 billion dollars worth stressed assets. Power sector accounts constitute the largest proportion, and resolution in this sector has not been significant.
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