Mumbai : International rating agency Fitch said the level of stressed loans of domestic banks, including restructured debt, may continue to rise and reach 15 % by the end of this financial year from over 10 % in 2013-14. Stressed assets, which include gross non-performing assets and restructured debt, stood at 10.2 % as of September.  The reasons cited for the worsening asset quality include slackening economic growth, intervention by the judiciary, delays in project approvals leading to a sense of ‘policy paralysis’ and high interest rates.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in