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Tuesday, August 7, 2018

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

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