July 24, 2018 / 11:57 AM / 3 months ago

India's bank non-performing loans rise to $150.2 bln at end-March

NEW DELHI, July 24 (Reuters) - Bad loans held by India’s banks rose to 10.36 trillion rupees ($150.21 billion) at the end of March, the government said on Tuesday, with state-backed lenders accounting for more than 86 percent of the total non-performing loans.

Twenty one banks majority owned by the Indian government had gross non-performing loans of 8.96 trillion rupees, Finance Minister Piyush Goyal told parliament, citing central bank data for global operations of the lenders.

In a separate response to a question from a lawmaker, junior finance minister Shiv Pratap Shukla said the gross non-performing loan ratio of the state lenders had reached 14.6 percent in the 2017/18 financial year.

At the end of December last year, the banking sector’s total non-performing loans was almost 9 trillion rupees, according to previously released government data. ($1 = 68.9375 Indian rupees) (Reporting by Devidutta Tripathy; Editing by Amrutha Gayathri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below