Most lenders reported slippages from their loans to companies rated BB and below. (Photographer: Sondeep Shankar/Bloomberg News)
The bad loan cycle for Indian banks, which began in 2015, is getting stretched out as new segments of stress have started to emerge against the backdrop of weakening economic growth and volatile financial markets.The stress, which was earlier restricted to sectors like infrastructure, telecom and power, is now being felt across a much wider array of sectors ranging from housing finance, travel and tourism and media. Defaults are also...