Fresh gross slippages are estimated to be at 5-5.5% of standard advances during 2020-21, which will increase the banks' credit provision and impact their earnings, rating agency ICRA said MUMBAI : Gross non-performing assets (NPAs) of banks are likely to worsen to 11.3-11.6% by the end of this financial year from 8.6% as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report.
Fresh gross slippages are estimated to be at 5-5.5% of standard advances during 2020-21, which will increase the banks' credit provision and impact their earnings, rating agency ICRA said in a report.
With an increase in stress on asset quality and profitability, state-owned banks may need ₹45,000-82,500 crore of capital in this