India Central Bank Sees Sharp Rise in Bank Risk on Bad Loans

  • Profitability at lenders falls to lowest level since 1999
  • Outgoing RBI Governor Rajan had campaigned against bad debt

What's Next for Rajan and the RBI?

Risks to India’s banking industry have “sharply increased” since September as surging bad loans drag lenders’ profitability to the lowest since at least 1999, according to the Reserve Bank of India.

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