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India Bad Loans Seen Hitting 14-Year-High Amid Considerable Pain

By Tony Seruga

RBI Governor Raghuram Rajan Raghuram Rajan, governor of the Reserve Bank of India. Photographer: Dhiraj Singh/Bloomberg

Stressed assets of Indian lenders are seen rising to the highest in at least 14 years and Bank of Baroda’s chief executive officer says there’s still “considerable pain” in Asia’s third-biggest economy.

The local unit of Fitch Ratings estimates the percentage of soured and restructured loans in the banking system will reach the highest since 2001 in the year through March 2016. A record proportion of reworked assets are expected to turn bad in the period, according to Standard & Poor’s Indian arm…

India Bad Loans Seen Hitting 14-Year-High Amid Considerable Pain

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