Hi,
This is anika. Mr Bhatt, according to the report, expects NPAs to rise gradually. NPAs may even double if the economy continues to remain under stress, but will not touch the early 90 level, he warned. The report quoted Mr Bhatt as saying that NPAs will rise in the short term due to provisioning norms, but would return to standard assets once the economy improves. He even expects delinquencies in export-oriented sectors like textile, gems and jewellery, auto components and IT sector.
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anika
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