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PSB NPAs likely to rise 2-4 pc points; may push govt to recapitalise via RBI reserves, bonds: Report
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MUMBAI : State-owned banks' non-performing loans are likely to rise by 2-4 percentage points, which will put up to USD 15 billion recapitalisation pressure on the government in FY21, a foreign brokerage firm said on Tuesday.
The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.
The government can issue recapitalisation bonds, or the RBI's huge reserves of over USD 127 billion can also be dipped into to help the state-owned bank's recapitalisation needs, it said.
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