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RBI’s Financial Stability Report: Concern over Indian textiles industry

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Apparel Online India July, 16-31, 2016

READ MORE ON Indian Textile IndustryNITRATT Limited

The latest bi-annual Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) has unveiled some interesting data about the Indian textiles industry. As per the report, annual slippages of major sectors/sub-sectors in December 2015 show that the textiles industry in particular had the highest number of standard accounts slipping into the NPA (non-performing assets) category at 8.8 per cent, and followed by the cement industry at 8.0 per cent. Stressed advances ratios of the textile industry are 6.9 per cent which is the third most contributors to the stressed loans. The percentage of weak companies that were leveraged was also higher for textiles sector. In terms of outstanding amounts, textiles industry is at second spot with 6.4…

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Source: Apparel Online India July, 16-31, 2016
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