Ananda Bhoumik, Senior Director, Fitch has expressed his free and frank opinion on the sectors which can be tomorrows blockbusters and the liabilities. His verbatim comments on the subject are as enumerated below:
There will be two angles here. First, is the reported numbers; this 2.6% will be impacted by some of the cyclical downturns that we are talking about - textile, steel and some of the real estate companies as well. We think it will probably move to about 3.5-3.7% by this time next year. That is about one third of the issue. About two thirds of the stressed assets will not be visible in the reported NPL numbers because these would get restructured and that is really where some of our concerns. State electricity boards and the aviation companies which are fundamentally loss making companies and their viabilities can be questioned, so there the provisioning levels would be higher. Then the remaining part is the infrastructure companies which are going through these short term problems of linkages or land acquisitions, so there also the provisioning level could be lesser.
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