Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
According to S&P, 3-8 per cent of loans could get restructured.
According to S&P, 3-8 per cent of loans could get restructured.
Last week, the rating agency had stated, “India's economy is in deep trouble.
The agency noted that many discoms in India have weak financial health owing to excess debt, loss-making operations, and high transmission and distribution (T&D) losses of more than 15 per cent.
1. RIL and Facebook have joined forces to accelerate the launch of its JioMart e-commerce platform on Facebook's WhatsApp application. 2. It expected RIL to continue to follow a prudent financial policy in the current volatile market.
Standard and Poor's (S&P) joins a chorus of international agencies that have made a similar cut in growth estimates in recent days.
The number of coronavirus infections cases has exceeded 44,000 with the total number of death count at 1,355.
In the BSE Sensex, 18 stocks, including Coal India, NTPC, were trading in red while 10 stocks including Yes Bank and ITC were trading in green.
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