Indian banks' exposures to the Adani Group are not large enough to affect their credit quality materially and the overall quality of the local lenders’ corporate loans will be stable, ratings agency Moody's Investors Service said on Tuesday. "While we estimate that the exposures are larger for public sector banks than for private sector banks, they are smaller than 1 …
Banks are likely to restructure up to Rs 8.4 lakh crore of loans, or 7.7 per cent of the overall system's credit, under the newly announced recast package, a domestic ratings agency said on Wednesday. Over 60 per cent of this Rs 8.4 lakh crore was susceptible to slip into the non-performing assets category if not for the recast move, …
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