Personal Loan News
'Banks' non-performing assets to rise due to interest rate hike'
Tuesday,21st August 2007
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A report by Fitch Ratings India revealed that the
quantum of non-performing assets (NPAs) may rise due to hardening interest
rates. Loans categories which comprise less than 10 per cent of the total loans ie. unsecured consumer loans, capital market exposure and real estate loans may add to bad assets. The report also says that Indian banks will have to make structural improvement in their risk management capabilities, citing that the credit information bureaus and asset re-construction companies have also begun business. Both have strengthened the financial system and improved its efficiency. |
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