With AGR ruling, banks fear surge in bad loans

Bank stocks slumped on Friday after the Supreme Court refused to give relief to telecom companies on adjusted gross revenues (AGR) dues, putting at risk the nearly .Rs 30,000 crore loans to Vodafone Idea, which has repeatedly been saying that its survival will be under threat if the government does not give any relief on payment of past dues.

from Banking/Finance-Industry-Economic Times https://ift.tt/39BvwfX