(Bloomberg) -- Most Indian banks are reporting lower bad-loan ratios, aided by a Supreme Court ruling that bars lenders from classifying any non-performing assets from the start of September.
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However, the banks have also been outlining how much the ratio would be if they’d mark the borrowing as bad. In almost every case, the ratio is much higher.
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Here’s a look at the full extent of India’s bad loan problem in selected financiers:
| Bank | Reported bad debt (Sept. 30) | Reported bad debt (Dec. 31) | Actual bad debt (Dec. 31) |
|---|---|---|---|
| Axis | 4.18% | 3.44% | 4.55% |
| Bank of Baroda | 9.14% | 8.48% | 9.63% |
| Canara | 8.23% | 7.46% | 8.95% |
| HDFC | 1.08% | 0.81% | 1.38% |
| ICICI | 5.17% | 4.38% | 5.42% |
| IDBI | 25.08% | 23.52% | 24.33% |
| IndusInd | 2.21% | 1.74% | 2.93% |
| Kotak Mahindra | 2.55% | 2.26% | 3.27% |
| Punjab National Bank | 13.4% | 13.0% | 14.7% |
| RBL | 3.34% | 1.84% | 4.57% |
| State Bank of India | 5.28% | 4.77% | 5.44% |
| Shadow Bank | Reported bad debt (Sept. 30) | Reported bad debt (Dec. 31) | Actual bad debt (Dec. 31) |
|---|---|---|---|
| Bajaj Finance | 1.03% | 0.55% | 2.86% |
| HDFC Ltd. | 1.83% | 1.67% | 1.9% |
©2021 Bloomberg L.P.
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