Up to 180 bps higher NPA likely for NBFCs, says ICRA

up to 180 bps higher npa likely for nbfcs says icra

Sumary of Up to 180 bps higher NPA likely for NBFCs, says ICRA:

  • A rise in non-performing assets is likely for non-banking finance companies following the revised bad loan recognition and upgradation norms, rating company said.
  • The rise in NPAs for housing finance companies (HFCs) could be by about 60-80 basis points over the same period.
  • The Reserve Bank of India through a note on November 12 provided clarification on income recognition, asset classification and provisioning norms for banks, NBFCs and all-India financial institutions.
  • The key points include classification of special mention account (SMA) and NPA on a day-end position basis and upgrade from an NPA to standard category only after clearance of all outstanding overdues.

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