Indian banks' stressed loans rise to $147.33 billion
Friday, March 17, 2017, 7:30 PM
Indian banks had stressed loans of 9.64 trillion rupees ($147.33 billion) as of December 2016, Santosh Gangwar, minister of state for finance, told lawmakers on Friday. As of September 2016, the banks' total stressed loans were 8.97 trillion rupees, according to data from the Reserve Bank of India. Stressed loans include bad loans and restructured or rolled over loans.