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With economic activity coming to a standstill due to the Covid-19 crisis, total slippages in the banking system may rise up to Rs 5.5 trillion in the current fiscal, says a report.
While slippages from the corporate sector may rise by Rs 3.4 trillion, for non-corporate segments it may increase by Rs 2.1 trillion in FY21, India Ratings and Research said in the report.
The rating agency said most sectors in the county are likely to experience varying degrees of revenue contraction during FY21 due to demand and supply disruptions.
"Covid-19 may drive total slippages of up to Rs 5.5 trillion (5.7 per
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