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No end to NPA woes; banks to see rise in bad loans in FY19, says RBI

Updated : August 29, 2018 03:20 PM IST

As per RBI's Annual Report 2017-18, gross non-performing assets (GNPAs) plus restructured standard advances in the banking system remained elevated at 12.1 percent of gross advances at end-March 2018.
The combined impact of the increase in provisioning against NPAs and mark-to-market (MTM) treasury losses on account of the hardening of yields eroded the profitability of banks, resulting in net losses, it said.
With deterioration in asset quality and the progressive implementation of Basel III warranting higher buffers, troubled public sector banks (PSBs) received capital infusions via the issuance of recapitalisation bonds and budgetary support.
No end to NPA woes; banks to see rise in bad loans in FY19, says RBI
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