Banks situation likely to worsen after March 31

New Delhi, Jan 23, 2020 Thursday

Given the non-performing accounts (NPAs) rising day by day, financial experts believe the situation in banks is likely to worsen after March 31.

An estimated Rs 9,50,000 crore worth of money was trapped in NPAs till now. Given this situation, it can be said that banks are sitting on a time bomb called NPA. This time bomb can explode at any time.

According to a previous report, a loan of Rs 3,50,000 crore was not repaid. On the other hand, the State Electricity Board's employees' loans and NPAs increased in September this year after Finance Minister Nirmala Sitharaman ordered simple loan loans to try to save the sinking economy.

How and how much of that has a clear impact on the economy will be known around March 31. But the economists agree that the situation is going to be very serious for banks. Banks are sitting on the bumpy NPA's time bomb.