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A surge in bad debt is set to further worsen India's shadow bank crisis

Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020 even before the worst of the pandemic impact, the RBI said

Topics
shadow banking | Coronavirus | bad debts

Bloomberg | Divya Patil & Anil Poonia 



Further financial pain in the industry could threaten a recent rebound driven by stimulus last year.
Further financial pain in the industry could threaten a recent rebound driven by stimulus last year.

India’s troubled shadow face mounting challenges to a nascent recovery from the pandemic, with their asset quality set to deteriorate further as flagged recently by the financial regulator.

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First Published: Wed, January 20 2021. 07:53 IST

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