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Banks See Another Jump In Bad Loan Additions In Q1 As New Stress Emerges
While slippages for banks rose marginally compared to a year ago, compared to the previous quarter, slippages were up 25 percent.
07 Aug 2019, 04:08 PM IST
The bad loan cycle for Indian banks, which began in 2015, is getting stretched out as new segments of stress have started to emerge against the backdrop of weakening economic growth and volatile financial markets.The stress, which was earlier restricted to sectors like infrastructure, telecom and power, is now being felt across a much wider array of sectors ranging from housing finance, travel and tourism and media. Defaults are also...
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