Telecom companies' financial buffalo banking sector will also be adversely affected

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New delhi date. 18 January 2020, Saturday

Banks' NPAs are likely to rise in the coming days after the Supreme Court dismisses the review petitions of telecom companies on the AGR (Adjustable Gross Revenue) issue.

Telecom operators have now received a total of Rs. Telecom companies are scared to fall into financial strains, despite the obvious hint of being forced to pay huge sums of Rs 1.5 lakh crore.

Thus, in the coming days when telecom companies are stepping on the financial front, banks are at risk of defaulting on their loan repayments and banks' NPAs.

According to the report, telecom companies have huge exposure to government and public sector banks. As per the estimated data available, the State Bank has Rs. 1 crore, HDFC Bank's Rs. 1 crore, Axis Bank's Rs. 1 crore, Bank of Baroda's Rs. 1 crore, PNB's Rs. 1 crore and Kotak Bank's Rs. It is estimated to have a exposure of 2 crore.

Talking about the risk of NPA, Indusine Bank has the highest exposure in the telecom sector at 8.5%. After that, exposure to Axis Bank is 5.4 percent, HDFC Bank 5.6 percent, Bank of Baroda 5.9 percent, Kotak Bank 8.4 percent, PNB 8.4 percent.

The telecom sector, which rejected the review petition by the Supreme, has increased the risk of exposure. Thus, the Supreme Court's move has raised concerns for banks. Thus, this issue may increase the difficulty of banks along with telecom companies in the coming days.


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