Bad debt held by Indian banks is growing, as the economy slows down and infrastructure projects stall. From Rs 1.3 lakh crore at the end of March 2012, these have jumped to Rs2.4 lakh crore at the end of December 2013. India’s infrastructure companies grew at a rapid pace through most of the 2000s, embarking on spectacular projects fuelled by debt. As they have slowed down, critics say that they should not have taken on as much debt as they did.
Bad debt held by Indian banks is growing, as the economy slows down and infrastructure projects stall. From Rs 1.3 lakh crore at the end of March 2012, these have jumped to Rs2.4 lakh crore at the end of December 2013. India’s infrastructure companies grew at a rapid pace through most of the 2000s, embarking on spectacular projects fuelled by debt. As they have slowed down, critics say that they should not have taken on as much debt as they did.
Bad debt held by Indian banks is growing, as the economy slows down and infrastructure projects stall. From Rs 1.3 lakh crore at the end of March 2012, these have jumped to Rs2.4 lakh crore at the end of December 2013. India’s infrastructure companies grew at a rapid pace through most of the 2000s, embarking on spectacular projects fuelled by debt. As they have slowed down, critics say that they should not have taken on as much debt as they did. Read More
