Bad loans un­der­mine In­dia's bank­ing sys­tem

The Pak Banker - - COMPANIES/BOSS -

With In­dia's growth purring and in­fla­tion un­der con­trol, Arun Jait­ley's an­nual bud­get later this month should be full of prom­ise. In­stead, the fi­nance min­is­ter must of­fer re­as­sur­ances to in­vestors wor­ried that In­dia's place as an emerg­ing mar­ket bright spot is un­der threat from sim­mer­ing trou­bles in a bank­ing sys­tem weighed down by bad loans. The signs of dis­tress are clear.

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