Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.
Total bad loans had risen 5.8 per cent in July-December period last year. (Photo: Representational/PTI)
New Delhi: Bad loans and stressed assets in Indian Banks are estimated at 10 trillion rupees ($153.49 billion), India’s Chief Economic Adviser Arvind Subramanian said on Wednesday.
India announced on Tuesday a 2.11 trillion recapitalization plan for its state-owned banks over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth.
( Source : reuters )
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