May 30, 2016

Awash in red ink

Will it sound a tough times ahead for agriculture and the industry in securing loans? With most of the banks seeing red in their account books, where is the money to finance new ventures?

Awash in red ink: Ayear since the Reserve Bank of India ended regulatory forbearance — the norm that allowed banks to avoid treating restructured loans as sub-standard — the pile of stressed assets at lenders has grown