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shine india magazine yearly subscription published this article page no219

The stresses on the banking sector have translated into a slowdown in industrial credit. They also limit banks ability to meet international capital requirements. In January 2017 credit growth to the industrial sector contracted by 5.1 per cent relative to an increase of 5.6 per cent in January 2016. High NPAs are also likely to impede banks ability to meet higher capital requirements under Basel III. These requirements will come into force in January 2019. shine india magazine yearly subscription