In the last one and a half years, the difficulty of banks has increased as it has hit people's income

The sanctions imposed in the last one and a half years due to the Corona epidemic have had a huge impact on the livelihoods of a number of people, adversely affecting businesses and industries in all the states of the country. Millions, on the other hand, have lost their jobs. This unfavorable situation has had a negative impact on the country's economy. At the same time, the trouble of the banks has also increased.

In this era of epidemics, people's income has been adversely affected and the recovery of various loans by banks has been adversely affected. According to a study conducted by Indian Mortgage Guarantee Company on various loans of banks, the recovery of various loans of banks has been adversely affected in the last one and a half years. The biggest impact has been on the home loan segment.

People were failing to pay the loan installments due to adverse impact on people's income during the proposed period. The number of home loan defaults has tripled in the last year and a half for this reason. Cases of home loan defaults doubled last year after the first phase of the transition. Which tripled during the second phase.

However, with the easing of sanctions after June, most businesses and industries have revived, creating favorable conditions on the employment front. As a result, the situation is likely to improve in the near future, banking sector sources said.

Meanwhile, according to a recent report by property consultant firm Anaroc, Rs. 1.5 lakh crore credit is under pressure. If the situation does not change in the near future, the loan is likely to be converted into an NPA.

According to the report, banks have invested Rs. 2.5 lakh crore has been lent. Out of which Rs. Lending of Rs 2.09 lakh crore is pressure free. This amount is trapped in the top 20 developers of the country. This situation will change if the real estate sector improves with the recovery of the economy and the financial health of the sector improves in the near future.