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Banks' bad loans soar by up to 86% in first half

Last Updated: Sunday, November 18, 2012, 17:49

The sharp rise in bad loans for the banks comes at a time when the number of corporate debt restructuring (CDR) cases has also grown to record-high levels.

Souring bank loans, car sales fuel India economic gloom

Last Updated: Thursday, November 10, 2011, 23:03

India's economic gloom deepened on Wednesday as worsening loan quality at the country's biggest lender rattled investors, Moody's downgraded its outlook for banks, and October car sales skidded 24 percent, their worst drop in over a decade.