Banks will see unprecedented levels of NPAs

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Over the next six months due to various adversities

Mumbai, Ta. 15 July 2020, Wednesday

Former Reserve Bank Governor Raghuram Rajan has expressed concern over the unprecedented rise in non-performing assets (NPAs) or bad debts in the country's banking sector in the next six months. "The sooner the problem is identified, the better for the banking sector," Rajan said. Coronavirus outbreaks and lockdowns have affected trade and many businesses are unable to pay their debts.

In the next six months, the level of NPAs will be at an unprecedented level. If we do not recognize this level, we will be in trouble and if it is identified, we will be in a good position because we will be able to address these issues, ”Rajan said during a virtual session at India Policy Forum 2020. .

An article written to Nirmala Sitaram mentions the success of Jan Dhan but some economists have the opposite view on the issue. It does not seem to be as successful as the publicity stunt.

One positive thing for India's economy is that its agriculture sector is doing well. He hoped that a significant portion of our economy would benefit from the reforms undertaken properly.

The government has amended the APMC Act to improve the agricultural sector. It has also amended the Commodities Act to deregulate food items.

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