Shares of Asian Paints shed 3% in intraday trade to Rs 2,912.15 in early trade after analysts reduced their target prices following the paintmaker’s Q2 miss.
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Bank Gross NPA Could Rise To 8-9% By March 2022: CRISIL
- Gross NPAs for banks were at 7.5% as of March 2021
- With restructured assets expected to be around 2% of total loans, stressed loans for banks could rise to 10-11%
- Majority of the stress is expected to come from retail and MSME loans
- Retail stressed assets could rise to 4-5% of loans by the end of this year, compared with 3% in March 2021
- Stressed assets for MSME segment expected to rise to 17-18% from 14% last fiscal
- Corporate stressed assets expected to remain within 9-10%
Source: CRISIL Statement