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Covid-19 may push NBFC stressed assets to Rs 1.8 trn by March: Crisil

Regulatory steps like one-time Covid-19 recast window and MSME restructuring scheme will limit GNPAs, says rating agency

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The maximum pain is expected to be in real estate segment, followed by unsecured loans.

Abhijit Lele Mumbai
The stressed assets of finance companies in India are expected to reach 6-7.5 per cent of their overall assets under management by March, reflecting the impact of Covid-19 pandemic, according to rating agency CRISIL.

In absolute terms, the tally works out Rs 1.5-1.8 trillion. The maximum pain is expected to be in real estate segment, followed by unsecured loans.

Stressed assets are the pool of pro-forma gross non-performing assets (GNPA), including accounts that have not been declared NPA in line with the Supreme Court order, and potential stress in loan book (including restructuring).

The Reserve Bank of India’s Financial Stability Report (FSR) in

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