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Indian bank bad debt could double in coronavirus crisis

Indian bank bad debt could double in coronavirus crisis

By Administrator_India Capital Sands India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers told. Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their …