How India’s Private Banks Duck NPAs

    Bad loans by public sector banks, which account for the bulk of the banking system in India, have tripled over the past three years. Gross non-performing assets (NPAs) of public sector banks stood at Rs 216,739 crore at the end of March 2014, three times the figure for March 2011.   On the … Continued

India’s Bad Loan Problem Worsens, Up 35% In Just 9 Months

  During his vote-on-account speech, Finance Minister P Chidambaram dwelled mostly on the achievements of the United Progressive Alliance (UPA) Government including the high growth rates achieved over the past decade.   However, it is clear, even to a casual observer, that growth in India has slowed down quite perceptibly and business confidence is down. … Continued