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Even as the RBI is open to a little flexibility in loan recast for getting stalled projects moving, a significant proportion of the bad loans in the banking system are held by some large borrowers. (Reuters)
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RBI Governor Raghuram Rajan called such borrowers “freeloaders” who enjoy the benefits of “riskless capitalism” and have deep pockets to fight a legal battle, while the banks are at the losing end of the deal. Key statistics point to the magnitude of the problem. (Reuters)
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<b>Rs 5,73,000 cr</b> or 12.57% of gross advances of public sector bank loans is stuck in non-performing assets and restructured debt of corporates</br> <br><b>Rs 39,516 crore:</b> Total defaults during the 12-month period ended September 2014 (AP)
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<b>Rs 3,31,000 cr</b> or 7.25% of total advances is restructured debt of big corporate houses as per finance ministry figures</br> <br><b>Rs 59,180 crore:</b> Total defaults during 12-month period ended September 2013 (Reuters)
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<b>Rs 2,43,043 cr</b> or 5.32% of advances is gross outstanding NPAs of public sector banks as on September 2014</br> <br><b>Rs 26,389 crore:</b> Gross NPAs of private sector banks as on September 2014 (PTI)
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(Image: PTI)
