Why India’s state-owned banks are rushing to sell bad loans
Industry data gathered by the Association of ARCs in India showed that of the ₹60,000 crore put up for sale in Q1, ₹50,000 crore originated from state-run banks. While private sector banks put up ₹8,000 crore of bad debt for sale, the remaining ₹2,000 crore came from non-banks and mortgage lenders.
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