India Central Bank Sees Sharp Rise in Bank Risk on Bad LoansBy
Profitability at lenders falls to lowest level since 1999
Outgoing RBI Governor Rajan had campaigned against bad debt
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Facebook Is Looking for Employees With National Security Clearances
- Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy
- London House Prices Fall Most Since Financial Crisis