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Banks May Have To Allot Rs 40,000 Crore More For Bad Debt: India Ratings

Stressed corporate assets of about Rs 3.5 lakh crore are unrecognised by lenders.
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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