Indian banks' bad loans decline as recoveries pick up - Fin Min

IL&FS Engineering and Construction

25/09/2018 14:12

NEW DELHI, Sept 25 (Reuters) - Bad loans held by India's
banks are declining as recoveries have picked up and lenders are
confident of maintaining liquidity for various sectors as
required, Finance Minister Arun Jaitley told a news conference
on Tuesday.
    State-run banks account for the lion's share of more than
$150 billion in bad debt which is weighing on the sector, and
need billions of dollars in new capital in the next two years to
meet global Basel III capital regulations.

 (Reporting by Manoj Kumar; Editing by Subhranshu Sahu)
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