India: Outstanding debt of stressed accounts

Last Modified: Sun Sep 02 2018 19:57:20 GMT+0530 (India Standard Time)
  • 70
    Number of large accounts identified as 'stressed'. An RBI circular which came into effect on 01 Mar 2018, asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The 180-day deadline concludes on 27 Aug 2018..
  • Rs. 3.8 trillion
    Combined debt ($54 billion) of these stressed accounts, most of them in the power sector and also include some EPC and telcos companies.
  • 60
    Number of accounts worth Rs 3.5 trillion against whom bankruptcy proceedings are likely to be initiated, according to reports.
  • Rs. 14.7 trillion
    Amount of loans ($210 billion) where payments are in arrears. 90% of these loans have been extended by state run banks.