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.
Finance
India central bank warns of bad debt surge as pandemic relief ends
Nonperforming loans projected at 13.5%, with auto and steel industries hit hard
A worsening bad debt problem at Indian banks could choke off lending to businesses and individuals. © Reuters
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