Banks might be staring at a spike in retail NPAs

Mumbai: Even as restructuring in the corporate loans has been lower than expected, high slippages in retail and SME loans have confirmed fears of fresh non performing assets (NPAs) coming from these segments as salary cuts and job losses due to the economic destruction caused by the Covid 19 pandemic has severely dented banks’ balance sheets.Bank results show that slippages in retail loans have increased with lenders like ICICI Bank and RBL Bank

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