Banks’ bad loans may soar to 9.5% by Sept 2022: RBI

The Financial Stability Report released by RBI on Wednesday projects banks’ gross NPAs rising to 8.1% of total assets by September 2022 from 6.9% in Sept 2021 under a baseline scenario and to 9.5% under severe stress scenario. All earlier projections after the pandemic reflected far worse outcomes than the present report. Via Times of India https://ift.tt/2hJjhqE