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4 months ago
Indian banks' stressed loans rise to $147.33 billion as of December 2016
March 17, 2017 / 12:53 PM / 4 months ago

Indian banks' stressed loans rise to $147.33 billion as of December 2016

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FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016.Mukesh Gupta/File photo

MUMBAI (Reuters) - Indian banks had stressed loans of 9.64 trillion rupees ($147.33 billion) as of end-December, Santosh Gangwar, minister of state for finance, told lawmakers on Friday.

As of end-September, the banks' total stressed loans were 8.97 trillion rupees, according to data from the Reserve Bank of India.

Stressed loans include bad loans and restructured or rolled over loans.

($1 = 65.4300 Indian rupees)

Reporting by Devidutta Tripathy; Editing by Amrutha Gayathri

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