Gross non-performing loans of banks in the range of 8-8.5 percent: ICRA

Q.  Gross non performing loans of banks may be in the range of ___ by March end, 2016 according to ICRA.
- Published on 15 Jul 16

a. 8-8.5
b. 8-8.6
c. 8-8.7
d. 8-8.8

ANSWER: 8-8.5
 
Gross non-performing loans of banks are nearing peak levels and could be in the range of 8-8.5 percent by March close, 2016 according to domestic rating agency ICRA.
  • Banks gross bad loans stood at 7.7 percent as on March 2016 adding asset quality is not expected to improve substantially in the near term.
  • Report also said credit growth is likely to be in the range of 11-12 percent in 2016-2017 primarily driven by retail and other smaller ticket loans.
  • In the previous fiscal, banks aggregated deposits grew by 6.4 percent as against 10.3 percent in 2014-2015.
  • Deposit growth will be in the range of 10-11 percent in the current fiscal.

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