- India’s bad loan crisis started slowly in 2011, really accelerating in 2015
- State banks hold 88% of India’s bad loans but only 71% of total loans
- Private banks look more sound as the share of total bad loans in India is significantly less than their loan share
- Foreign banks have a more proportional share of bad loans but it’s still below the foreign banks share of loans
- Indian taxpayers may be hit twice as they potentially pay for both rescue packages for the state banks and losses following write-offs on non-performing loans
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