Since 1994, India has encountered seven instances of El Nino, hurting farm production and hence resulting in higher non-performing assets for banks in the related subsequent three-four quarters. The latest instance was in 2019, after which agricultural NPAs for the State Bank of India shot up, from 11.6% in the fiscal year 2019 to 15.9% in the fiscal year 2020.from Stocks-Markets-Economic Times
Read The Rest:economictimes...
