‘Loans worth Rs 1.68 lakh crore more could turn into NPAs on Covid’

‘Loans worth Rs 1.68 lakh crore more could turn into NPAs on Covid’
“This is over and above the Rs 2.54 lakh crore anticipated prior to the onset of pandemic. It constitutes 6.63 per cent of the total debt (previous estimate: 4 per cent),” the agency said in its analysis. “Given that 11.57 per cent of the outstanding debt is already stressed, the proportion of stressed debt is likely to increase to 18.21 per cent of the outstanding quantum.”