
NEW DELHI -- Indian banks will see a spike in bad debt later this year as a key coronavirus relief measure expires, the central bank says, flagging a source of potential financial instability that could hamper lending to businesses and individuals.
Nonperforming loans projected at 13.5%, with auto and steel industries hit hard
NEW DELHI -- Indian banks will see a spike in bad debt later this year as a key coronavirus relief measure expires, the central bank says, flagging a source of potential financial instability that could hamper lending to businesses and individuals.
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