Rating agency ICRABSE -3.27 %said banks' NPA ratios may see a sharp rise to 5.5-6.5 per cent in June 30, 2015 from the present 3.3 per cent once the RBI's revised guidelines on bad asset classification come into force.
"As for the likely impact of the guidelines on non-performing assets (NPAs), there could be a steep increase in the reported NPA percentage from 3.3 per cent as on March 2013 to as high as 5.5-6.5 per cent as in June 30, 2015," the rating agency said in a note.
Giving the rationale behind such possible rise, the report said that with the change in classification of old restructured advances would be the reason behind this.
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