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India bad loans seen hitting 14-year-high amid considerable pain

Three of country's five biggest banks report increase in soured assets for year ended March 31

Published Mon, May 18, 2015 · 09:50 PM

Mumbai

STRESSED assets of Indian lenders are seen rising to the highest in at least 14 years and Bank of Baroda's chief executive officer says there's still "considerable pain" in Asia's third-biggest economy.

The local unit of Fitch Ratings estimates the percentage of soured and restructured loans in the banking system will reach the highest since 2001 in the year through March 2016.

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International

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India bad loans seen hitting 14-year-high amid considerable pain

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