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In a first since 2015, bad bank loans eased 0.4% to Rs 9.46 trn at Sept-end

RBI's clean-up drive, tighter rules helping; overdue loans also ease in September

Reuters  |  Mumbai 

India's stock of soured bank loans shrank slightly in the quarter to September last year, the first pullback since a drive to clean up record levels of bad debt began in 2015 and signalling that tighter rules and a new bankruptcy code may be starting to show results. Stressed loans - which include non-performing as well as restructured or rolled-over loans - eased 0.4 per cent from three months earlier to 9.46 trillion rupees ($148.3 billion) at the end of September, according to unpublished central bank data reviewed by Reuters. The last data seen by Reuters showed soured ...

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First Published: Fri, January 26 2018. 08:12 IST