PSBs may need up to Rs 3.4 lakh crore in two years: Moody’s
Despite the forbearance measures, under scenario 1, Moody’s expects newly formed NPLs to nearly double to about 3.7% of gross loans annually in the next two years from 1.7% in fiscal 2020, driven by the retail, SME and agriculture segments. Public sector banks (PSBs) may need up to Rs 3.4 lakh crore in external capital … Read more