India Surpasses Italy for Worst Soured-Loan Ratio: Map
India holds the dubious distinction of having the worst NPA ratio among the world’s major economies, having surpassed Italy.
(Bloomberg) -- India holds the dubious distinction of having the worst non-performing loan ratio among the world’s major economies, having surpassed Italy. The Reserve Bank of India said in December that the ratio for banks fell for the first time since 2015, though it’s still “high for comfort.” A $190 billion pile of soured and stressed debt has cast the future of some lenders in doubt and curbed investments. Italy succeeded in quickly reducing its bad-loan ratio, with non-performing loans falling to about 200 billion euros ($227 billion) last year from their peak of over 360 billion euros in 2016.
--With assistance from Anto Antony.
To contact the reporters on this story: Saloni Shukla in Mumbai at sshukla72@bloomberg.net;Adrian Leung in Hong Kong at aleung206@bloomberg.net
To contact the editors responsible for this story: Andrew Monahan at amonahan@bloomberg.net, Candice Zachariahs, Matt Turner
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