Stress on bank loans reduced in first half FY 16
The banking sector saw a moderation in the pace of
stressed asset formation from around 5.6 per cent in FY15 to 3.3 per cent in
the first half of FY16, according to a report by ratings agency ICRA.
Including the exposure refinanced under 5/25 scheme,
however, stressed assets formation remained high at about 5.5-6 per cent during
the period.
Banks’ credit growth dropped to a multi-year low of 8.8 per cent and
overall systemic credit growth (including corporate bonds and commercial paper)
was higher at 11.6 per cent.
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