Lenders staring at additional Rs 1.67 lakh crore of bad debts due to Covid-19
- 4 years ago
India Ratings and Research Ind-Ra said in a note that Impact of the Covid 19 pandemic could result in an (additional Rs 1.67 lakh crore of debt slipping into non performing asset) (NPA) between the current and next financial years
The rating agency analysed (top 500 debt-heavy private sector borrowers) and said the additional stressed loans will take the cumulative quantum of delinquent loans to (Rs 4.21 lakh crore over the FY21 and FY22.)
"This is over and above the (Rs 2.54 lakh crore anticipated prior to the onset of pandemic.) (It constitutes 6.63% of the total debt) (previous estimate: 4%). Given that (11.57% of the outstanding debt is already stressed), the proportion of stressed debt is (likely to increase to 18.21% of the outstanding quantum),". Ind-Ra said.
#NPA
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The rating agency analysed (top 500 debt-heavy private sector borrowers) and said the additional stressed loans will take the cumulative quantum of delinquent loans to (Rs 4.21 lakh crore over the FY21 and FY22.)
"This is over and above the (Rs 2.54 lakh crore anticipated prior to the onset of pandemic.) (It constitutes 6.63% of the total debt) (previous estimate: 4%). Given that (11.57% of the outstanding debt is already stressed), the proportion of stressed debt is (likely to increase to 18.21% of the outstanding quantum),". Ind-Ra said.
#NPA
HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 10 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..