NBFC sector’s gross NPL ratio to rise to 7.3% by March 2017 – Feedback

The overall non performing loans of NBFC sector is likely to increase to 7.8 per cent in financial year 2016-17 from an estimated 6.7 per cent in the current fiscal, says a report.

“The overall gross NPA ratio of NBFCs across asset classes is likely to rise to 7.8 per cent by March 2017, from 6 per cent at end-September 2015 and an estimated 6.7 per cent in FY16,” India Ratings and Research said in a report. Of the 7.8 per cent gross NPL, 1.5-1.7 per cent of the increase will be due to the shift to 120-day NPL recognition norm in financial year 2016-17 from 150-days at financial year 2015-16. The norm says NBFCs will have to classify an asset as NPA if it stays overdue for 120 days.


About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *