Economy

Reuters exclusively reports no respite for Indian banks as bad loans hit record $146 billion

Reuters exclusively reports no respite for Indian banks as bad loans hit record $146 billion

Reuters was first to report that bad loans at Indian banks hit a record $145 billion at the end of June, suggesting Asia’s third-largest economy is no nearer to bringing its bad debt problems under control. The Reuters story showed banks’ total stressed loans - including non-performing and restructured or rolled over loans - rose 4.5 percent in the six months to end-June.