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Friday, March 17, 2017

Indian Banks' Stressed Loans Rise To Rs. 9.64 Lakh Crore As Of December 2016

 Indian banks had stressed loans of Rs. 9.64 lakh crore as of end-December, Santosh Gangwar, minister of state for finance, told lawmakers on Friday.

As of end-September, the banks' total stressed loans were Rs. 8.97 lakh crore, according to data from the Reserve Bank of India.

Stressed loans include bad loans and restructured or rolled over loans.

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