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India’s bad loan problem is worse than what official numbers show

January 29, 2021
in INDIA
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On the face of it, India’s unhealthy debt drawback is bettering.


Most banks have reported a smaller proportion of unhealthy loans on their books within the final quarter, however that’s solely attainable as a result of India’s Supreme Courtroom barred banks from classifying any loans as non-performing belongings from the beginning of September.



In addition to reporting official gross unhealthy mortgage ratios of their incomes statements, banks are outlining how a lot the ratio can be in the event that they’d mark the borrowing as unhealthy. In virtually each case, the ratio is far greater.


The Reserve Financial institution of India and lenders have opposed the order as they nonetheless have to provision for the soured loans, although the ruling makes it tougher for them to gather on the cash they’re owed. The order is legitimate till the courtroom proclaims it verdict on the problem, although a date hasn’t been set for the following listening to.


Right here’s a take a look at the complete extent of India’s unhealthy mortgage drawback in chosen financiers:


chart

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