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No end to NPA woes; banks to see rise in bad loans in FY’19, says RBI

Reserve Bank of India said on Wednesday that banks will witness further deterioration in their non-performing assets (NPAs) or bad loans due to the “economic situation prevailing” in the current fiscal. As per RBI’s Annual Report 2017-18, gross non-performing assets (GNPAs) plus restructured standard advances in the banking system remained elevated at 12.

from The Pioneer - business https://ift.tt/2NxJpkI
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