Eye-watering problem: Agra-based optician's claim threatens to break the Indian banks

The 53-year-old optician's $13,500 debt risks destabilising India's banks. That is because a complaint he brought challenging the loan relief plan, grouped with those of other borrowers and now before the SC, could mean a $27 billion hit to lenders that could shake the nation's financial system, the industry and regulators fear.

from Banking/Finance-Industry-Economic Times https://ift.tt/2FGAwXl