New Delhi: The economic slowdown due to the global epidemic coronavirus is expected to increase the banks' non-performing assets (NPA) ratio by 1.9 per cent and debt cost ratio by 1.3 per cent during 2020 in the country. According to S&P Global Ratings, "Asia-Pacific banks may see a $ 300 billion increase in loan costs due to the Coronavirus crisis." According to him, China's NPA ratio will increase by about two percent, while the debt cost ratio will increase by one percent. Will increase

Gavin Gunning, a credit analyst at the rating agency, said the NPA ratio in India may be about the same as that of China (1.9 per cent), but the debt cost ratio could grow worse by about 1.3 per cent. Gunning said there are also concerns that the coronavirus infection will spread further and faster and that its effects may last longer. He said, "This will increase the economic problem in 2020, which we have already estimated.

He said financial conditions could worsen as investors would try to avoid risk. This will affect the loan given by banks. ”According to the Health Ministry data, 490 new cases have been registered across the country in the last 12 hours. With this, the total number of corona positive cases in the country has increased to 4067 till this morning. Of these 3666 are active, 291 people have become healthy or they have been discharged from the hospital.

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