BAD LOANS TO RISE IN INDIA REPORT WARNS

THE COUNTRY'S LARGEST LENDER, THE STATE BANK OF INDIA ALONE ACCOUNTED FOR NEARLY 2.23 TRILLION RUPEES OVER 31 BILLION OF BAD LOANS IN 2018.

DURING THE 2014 ELECTION CAMPAIGN, THE BHARATIYA JANATA PARTY PROMISED TO BRING DOWN BAD LOANS IN THE BANKING SECTOR.

The country's largest lender, the State Bank of India alone accounted for nearly 2.23 trillion rupees (over $31 billion) of bad loans in 2018.

India’s banking sector faces the threat of rising defaults and bad loans as gross domestic product growth has plunged to a six-year low of 5% and most industries registering weak or negative growth. Jefferies Group has...

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Article ID: 317700 Date: 4th October, 2019 Social Shares: 14
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