Business

India Has a New Plan to Tackle $140 Billion in Bad Loans

With the pandemic forecast to push soured assets to a two-decade high, Prime Minister Narendra Modi is struggling to find cash to support the state-run lenders that hold most of it, and to spur credit to a shrinking economy.
Source: https://www.washingtonpost.com/business/energy/india-has-a-new-plan-to-tackle-140-billion-in-bad-loans/2020/09/01/de1af26e-eca4-11ea-bd08-1b10132b458f_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

India has rolled out a fresh plan to tackle an old problem: the mountain of bad loans held by its banks. Most of the risky debt is concentrated in two sectors — telecoms and utilities — that are vulnerable to the economic slowdown, meaning if they face more trouble, then a
Source: https://www.washingtonpost.com/business/energy/india-has-a-new-plan-to-tackle-140-billion-in-bad-loans-quicktake/2020/09/01/de1af26e-eca4-11ea-bd08-1b10132b458f_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

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