Don’t See Recovery In NPAs Soon: Kenneth Andrade
  • Elizabeth George
  • Aug 07 2013

August 7: Kenneth Andrade, Head – Investment at IDFC MF, says that the average debt to market capitalisation ratio has been rising. “Debt on books is creating a huge burden for banks,” he says, adding that he doesn’t foresee a recovery in NPAs soon, especially for public sector backs. He adds that the lower GDP figure could further add stress on bank assets.