The listed Indian banks had Rs7.2 trillion gross bad loans in December and this is expected to cross Rs8 trillion in March. They can also change the management of companies that were not able to service bank loans. —Bad loan resolution will now happen in a time-bound manner. Frankly, there haven’t been enough incentives for the banks to act on a war-footing against bad loans. This is first of a two-part series on bad loan resolution.

Source: Mint May 07, 2017 23:03 UTC