Rating agency ICRA expects Indian banks' bad loan ratio to rise in FY16

June 8, 2015 12:33 PM

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MUMBAI, June 8 Indian banks' gross bad loan ratio could rise to as high as 5.9 percent during the fiscal year to March 2016 after a rule change made debt restructuring costlier, rating agency ICRA Ltd said on Monday.

ICRA, an associate of Moody's Investors Service, said it expected the lenders' gross non-performing loans as a percentage of total loans to be between 5.3 percent and 5.9 percent in the fiscal year 2015/16, compared with 4.4 percent as of March 2015.

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