Adnan Abidi / Reuters
MANJUNATH KIRAN via Getty Images
Indian banks' bad loans crisis remains a big problem.
jaybee via Getty Images
Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews,...
In a multi-pronged clampdown on 'wilful loan defaulters', stock market regulator Securities and Exchange Board of India (Sebi) on Saturday barred them from raising public funds, as also from taking co...
Recently, The Indian Express, on the basis of a response to its RTI application, reported that 29 state-owned banks have written off a total of ₹1.14 lakh crore of bad debts (technically called non-performing assets or NPAs) between financial years 2013 and 2015. This is an atrocious waste of public money and a classic case of crony capitalism.