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Banks May Have To Allot Rs 40,000 Crore More For Bad Debt: India Ratings
05 Feb 2019, 07:09 PM IST i


Stressed corporate assets of about Rs 3.5 lakh crore are unrecognised by lenders.
Banks may have to provide an additional up to Rs 40,000 crore ($5.59 billion) towards loans, which could potentially turn sour between October 2018 and September 2020, according to India Ratings & Research, the domestic arm of Fitch Ratings.
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