Bad-loan ratio set to worsen to 12.5%, warns RBI in its Financial Stability report

The ratio was already one of the highest among major economies at 8.5% at the end of March, as a two-year shadow banking crisis in India soured debt. If the macroeconomic environment worsens further, the ratio may escalate to 14.7% under the very severely stressed scenario, the RBI said in its semiannual financial stability report on Friday.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hJw47N