The sector was most affected by the Corona, a major setback for the country's economy

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New delhi date. Saturday, July 25, 2020

- NPA likely to rise from 8.5 per cent to 12.5 per cent

The Cora virus has damaged most industries in the country. The biggest impact is being felt in the banking sector.

Corona virus infection has hit the country's economy hard. Which has affected different sectors. The country's banking sector is also expected to suffer a major setback.

According to the RBI's new forecast, banks' bad loans, or NPAs, could rise from 8.5 per cent to 12.5 per cent by March 2021. According to the RBI's Financial Stability Report, gross NPAs will rise sharply to 14.7 per cent. If we only talk about the government bank, the gross NPA could increase from 11.3 per cent to 15.2 per cent by March 2021.

The RBI has ruled out any threat to the banking sector. At the same time, the Reserve Bank has described the impact of Corona as unprecedented. In recent days, the central government has announced a Rs 21 lakh crore self-sufficient India package. According to experts, most of the burden of this package will fall on the banking system.

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