 "Indian economy, bad loans")
On the face of it, India’s bad debt problem is improving.
Most banks have reported a smaller percentage of bad loans on their books in the last quarter, but that’s only possible because India’s Supreme Court barred banks from classifying any loans as non-performing assets from the start of September.
As well as reporting official gross bad loan ratios in their earning statements, banks are outlining how much the ratio would be if they’d mark the borrowing as bad. In almost every case, the ratio is much higher.
The Reserve Bank of India and lenders have opposed the order as they still
