Banks’ stressed loans rise to $147.33 billion as of December 2016

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MUMBAI: Indian banks had stressed loans of 9.64 trillion rupees ($147.33 billion) as of end-December, Santosh Gangwar, minister of state for finance, told lawmakers on Friday.

As of end-September, the banks’ total stressed loans were 8.97 trillion rupees, according to data from the Reserve Bank of India.

Stressed loans include bad loans and restructured or rolled over loans.