Stressed debt across sectors falls 37% in Q2 to Rs 15 trn: Credit Suisse

The share of debt with loss-making companies was also down to 23 per cent as compared to 28 - 30 per cent pre-Covid-19

The gradual opening of the economy after a stringent lockdown imposed by the rampant spread of Covid-19 has proved to be a boon for companies, especially the ones saddled with debt. A November 19 report by Credit Suisse’s Ashish Gupta, their managing director and head of equity research for India, along with Kush Shah and Jayant Kharote says the stressed debt across sectors dropped 37 per cent to Rs 15 trillion in the second quarter of the current fiscal (Q2FY21) from Rs 23.8 trillion in Q1FY21.

The share of debt with loss-making companies was also down to 23 per cent