Banks may have to shell out another up to $5.6 billion for bad debt: India Ratings
Indian banks may have to provide an additional up to 400 billion rupees ($5.59 billion) towards loans, which could potentially turn sour between October 2018 and September 2020, according to India Ratings & Research, the domestic arm of Fitch Ratings.
Indian banks may have to provide an additional up to 400 billion rupees ($5.59 billion) towards loans, which could potentially turn sour between October 2018 and September 2020. Image source: Reuters