Bank bad loans to rise by 620 bps by March, 5 banks may fail to meet capital norms, warns RBI Financial Stability Report

Bank bad loans to rise by 620 bps by March, 5 banks may fail to meet capital norms, warns RBI Financial Stability Report
The RBI report said the public sector banks’ gross bad loans ratio of 11.3 per cent at the end of March may increase to 15.2 per cent by March 2021 under the baseline scenario.