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

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.