Financial Stability - Brexit
On 16 February 2016, I had warned that Non Performing Assets (NPA) could eat growth of economy which is back bone of financial systems in banks.
Financial Stability, the risks to banking sector has increased sharply in the context of gross NPA and impact of Brexit.
Loans given to housing sector, industrial sector and agriculture sector have become a source of worry being No Returns.
This can Tumble the Indian Economy, Sharp Fall in Rupees value against Dollar and Surging Price of commodities could collapse the economic system anytime.
19.3% - The top 100 borrowers a surge from 2.9%.
Cleanup process 5.8 Lac Crore now.
Profit in banking sector declined sharply on 31.03.16 Balance Sheet.
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