Published on 18/03/2017 10:04:13 AM | Source: Reuters
Indian banks' stressed loans rise to $147.33 billion as of December 2016
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)