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shine india magazine yearly subscription published this article page no219The 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
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