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