180 bps more NPAs likely for NBFCs, says ICRA

The non-performing assets of non-banking finance companies are expected to increase because of the revised rules for recognition and upgradation of bad loans, the rating company said. It has projected the NPAs of NBFCs to increase by 160-180 basis points by the end of March 2022 as compared to a year ago. For housing finance … Read more

180 bps more NPAs likely for NBFCs, says ICRA

The rating company said the non-performing assets for NBFCs are likely to increase after the revised bad debt recognition and upgradation norms. It projected an increase of 160-180 basis points in NPAs for NBFCs by the end of March 2022 from the level of March 2021. NPAs of housing finance companies (HFCs) are expected to … Read more

Lenders report sharp rise in bad loan collections

ICICI Bank, Axis Bank and Punjab National Bank (PNB) have reported sharp growth in bad loan recovery in Q2, mainly due to improvement in retail collections which fell sharply in Q1 through the second wave of COVID-19 . Bankers and analysts said the recovery in recovery is another indicator of improving consumer sentiment and heralding … Read more