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Rise in Mudra NPAs a sign of what lies ahead

While the economic slowdown is convenient to blame for this pile-up of Mudra bad loans, remember that directed banking by the state is an equally potent reason

September 18, 2020 / 12:34 PM IST
Rise in Mudra NPAs a sign of what lies ahead

An increasing number of Mudra loans turning bad shouldn’t come as a surprise. It is a timely reminder of the pitfalls that lie ahead for Indian banking and state-owned banks in particular. According to finance ministry data, public sector banks had non-performing loans disbursed under the Prime Minister Mudra Yojana of Rs 18,836 crore at the end of financial year 2019-20, up 64 percent from a year ago. Now, we don’t know the total credit outstanding under Mudra. But as a...

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