Published on 18/03/2017 10:04:13 AM | Source: Reuters

Indian banks' stressed loans rise to $147.33 billion as of December 2016

Posted in Top Stories| #Rupee #India #Currency News

MUMBAI  - Indian banks had stressed loans of 9.64 trillion rupees ($147.33 billion) as of end-December, Santosh Gangwar, minister of state for finance, told lawmakers on Friday.

As of end-September, 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.

($1 = 65.4300 Indian rupees)

(Reporting by Devidutta Tripathy; Editing by Amrutha Gayathri)