Ukraine Crisis: Inflation, Interest Rates Likely To Increase Debt By Rs 60 Thousand Crore, Says Report
The size of risky loans is expected to increase by Rs 60,000 crore in the current financial year due to factors such as high inflation due to the Russia-Ukraine war, the rating agency India Ratings gave this warning in a report on Monday. According to the report, due to these problems facing the economy, by the end of the financial year 2022-23, the amount of risky debt will be Rs 6.9 lakh crore. Had the Russia-Ukraine war not broken out, the debt-to-risk ratio in the current financial year would have remained at Rs 6.3 lakh crore. By risky debt, the rating agency means more than five times the debt taken by the rating agency keeping in view the operating profit of the companies. The rating agency has given this estimate on the basis of an analysis of 1,385 companies. In such...
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