India risks ‘Japanification’ as bad loans surge, says Viral Acharya

The ex-central banker was referring to Japan’s experience in the 1990s when a weak banking and financial sector crippled activity and contributed to a lost decade of sub-par economic growth. The RBI sees the country’s bad-loan ratio swelling to the highest level in more than two decades — to 12.5% by March 2021, the highest level since 1999.

from Banking/Finance-Industry-Economic Times https://ift.tt/3jX0XYj