SUBBARAO: NPLs (Non-performing loans) have grown and have grown quite rapidly in the second half of 2011 calendar year, and that’s partly to be expected when the economy is not growing that fast and when restructuring had been done during the crisis. The incidence of impaired assets out of restructuring would certainly be higher than the overall sample.
Second, some recent information technologies such as the "blockchain" and "distributed ledger technology," or DLT, have the potential to significantly affect money and ledgers, which are the basic infrastructure for financial activities. Moreover, wide-ranging innovations, which may significantly affect financial services, appeared almost simultaneously around the time of the global financial crisis.