India Ratings said that the bad loan problem for Indian banks is likely to remain for at least a year, driven by considerable stress in the corporate portfolio .
“India Ratings expects corporate credit stress (gross NPA and restructured loan) for FY14 to be at levels comparable to FY13,” the Fitch Group company said.
The rating agency said that the stress level is driven by 22 companies, which are a part of the BSE 500 index.
They owe a total of Rs 1.26-lakh crore to the Indian banking system, India Ratings noted.
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