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Undeclared NPAs in FY18 still at Rs 3 lakh crore
Undeclared NPAs in FY18 still at Rs 3 lakh crore
There are over Rs 3 lakh crore worth of undeclared non-performing assets in the books of banks as of March 2018. These are by borrowers who have defaulted to one lender but the loans are not classified as NPAs possibly because the other banks are not aware of defaulter’s financial position.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2vG6Vo5
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2vG6Vo5
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