Rs 3 trn loans to retail, small firms most stressed due to Covid-19: Report

It estimated the debt at risk loans at risk of slipping into NPAs this fiscal unless restructured by banks at a "sizeable" Rs 3 trillion

Over Rs 3 trillion of debt to retail and small corporate segment is at risk because of the coronavirus pandemic and will benefit from the loan restructuring scheme announced last week by the RBI, according to a report.

The central bank's move will help contain the quantum of sour loans and if not for the recast, the banking system's non-performing assets (NPAs) would have touched a 20-year high of 11.5 per cent, domestic rating agency Crisil said in the report on Monday.

Last week, the RBI announced the loan recast package for individuals and entities hit by the pandemic. It