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Bad loans, stressed assets in banks estimated at Rs 10 lakh cr: CEA

India announced a Rs 2.11 lakh cr recapitalization plan for its state-owned

Reuters  |  New Delhi 

Bad loans and stressed assets in Indian Banks are estimated at 10 lakh cr rupees ($153.49 billion), India's Chief Economic Adviser Arvind Subramanian said on Wednesday. India announced on Tuesday a Rs 2.11 lakh cr recapitalisation plan for its state-owned banks over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth.

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First Published: Wed, October 25 2017. 13:54 IST