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  Business   Economy  25 Oct 2017  India's bad loans and stressed assets estimated at Rs 10 lakh crore

India's bad loans and stressed assets estimated at Rs 10 lakh crore

REUTERS
Published : Oct 25, 2017, 1:50 pm IST
Updated : Oct 25, 2017, 1:50 pm IST

Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.

Banks have been reeling under bad loans, stressed assets and NPAs.  (Photo: Representational/PTI)
 Banks have been reeling under bad loans, stressed assets and NPAs. (Photo: Representational/PTI)

New Delhi: Bad loans and stressed assets in Indian Banks are estimated at 10 trillion rupees ($153.49 billion), India’s Chief Economic Adviser Arvind Subramanian said on Wednesday.

India announced on Tuesday a 2.11 trillion recapitalization plan for its state-owned banks over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth.

 

Tags: bad loans, npas, psu banks, recapitalisation, banks' recap
Location: India, Delhi, New Delhi