India on track for economic recovery in FY22; measures by Centre, RBI cushioned crisis on bank balance sheets: SP

The rating agency sees the banking system#39;s weak loans ratio at 12 percent of gross loans and expects credit cost to remain elevated at 2.2-2.7 percent.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/indiatrack-for-economic-recoveryfy22-measures-by-centre-rbi-cushioned-crisisbank-balance-sheets-sp_14826021.html
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