Indian banks are currently in $120 billion of stressed loans. Image Source: Reuters
The Reserve Bank of India on Monday relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more effectively manage bad loans on their books.
India's banks are saddled with about $120 billion in stressed loans, or 11.5 % of the total, and RBI Governor Raghuram Rajan has set a deadline of March 2017 to clean up the bad loans on bank balance sheets.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.