the demand for gold.
Regarding the outlook for the provisioning requirements for non-performing (NPAs) in the banking sector in the current year, the survey results show that provisioning requirement of NPAs is likely to increase by end of FY14.
It said: "If the current weak economic situation persists it will have a significant impact on the asset quality of the banks which will substantially increase the provisioning requirement in the current financial year. Besides bad loans, restructured advances also pose a risk to the banking system."
Moreover, NPAs will go up across a wide array of sectors, which include iron and steel, textiles, power generation, automobiles and ancillaries, telecom, aviation, construction, real estate, infrastructure, steel and cement, said the survey.