India's bad debt pile eased by write-offs, underlying problem far from resolved

Soaring bad debt levels, especially on the books of state-run lenders, have choked the Indian banking system and crippled its ability to generate fresh lending and revive economic growth that has slumped to a six-year low. The frail growth has put the brakes on sectors like autos and real estate, causing fresh heartburn for banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/34MPoKR