You are here

Day of reckoning imminent for India's troubled lenders

Reserve Bank of India due to complete bank audits by the end of this month

BT_20160317_KVAUDIT_2169985.jpg
Data compiled by the RBI show that gross bad debt in India's banking system stood at 5.1 per cent as at Sept 30, more than three times the bad-debt ratio at Chinese banks, .

Mumbai

THE day of reckoning is coming: The Reserve Bank of India is due to complete its audit of all 50 of the country's banks by the end of this month, forcing them to lay bare their hidden non-performing loans, stop making new loans to deadbeat borrowers just to pay the interest on

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom