The state-dominated lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier. The regulator’s latest stress test projects nonperforming assets to jump to 13.5% of loans and advances by September in its baseline scenario, and 14.8% in the worst-case situation, almost doubling from 7.5% a year earlier.source https://economictimes.indiatimes.com/industry/banking/finance/banking/view-a-guru-and-a-tycoon-feel-indias-endless-bank-salvage-pain/articleshow/80247072.cms
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