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Icra reports surge in banks' NPA slippage

Icra reports surge in banks' NPA slippage

Thursday, April 13, 2017, 5:30 PM

Bank loans worth Rs 22,000 crore which were recast under Strategic Debt Restructuring in 2015-16 had slipped into the non-performing asset category during the final quarter ended March of 2016-17. On a failure in SDR loans, banks have to start making provisions for these on the balance sheet, at a time when revenue growth has been tepid and credit costs are going up.
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