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Nupur Anand

Exclusive: India may need to pump $20 billion into coronavirus-hit state banks - sources

27 May 2020

MUMBAI/NEW DELHI India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking sources told Reuters.

RPT-ANALYSIS-By default: Virus threatens to derail retail boom for Indian lenders

18 May 2020

MUMBAI, May 15 Indian lenders are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans, forcing them to set aside hundreds of millions of dollars and take steps like asking sales staff to track down borrowers who have vanished.

By default: Virus threatens to derail retail boom for Indian lenders

15 May 2020

MUMBAI Indian lenders are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans, forcing them to set aside hundreds of millions of dollars and take steps like asking sales staff to track down borrowers who have vanished.

India's investment policy upsets Xiaomi, Oppo's consumer finance plans

14 May 2020

NEW DELHI/MUMBAI Tougher scrutiny of foreign investment in India has soured the plans of China's smartphone manufacturers seeking to expand beyond selling hardware for a bigger share of the South Asian country's competitive financial services market.

Indian lenders pitch for government-funded 'bad bank' - sources

13 May 2020

MUMBAI/NEW DELHI, May 13 Indian lenders want the government to provide up to $2 billion to set up a "bad bank" at a time when their heavy pile of soured debt is expected to double in size due to the COVID-19 pandemic, according to two sources with knowledge of the matter.

Indian lenders pitch for government-funded 'bad bank': sources

12 May 2020

MUMBAI/NEW DELHI Indian lenders want the government to provide up to $2 billion to set up a "bad bank" at a time when their heavy pile of soured debt is expected to double in size due to the COVID-19 pandemic, according to two sources with knowledge of the matter.

RPT-UPDATE 1-Indian bank bad debt could double in coronavirus crisis -sources

04 May 2020

MUMBAI/NEW DELHI, May 3 India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers told Reuters.

Indian bank bad debt could double in coronavirus crisis: sources

03 May 2020

MUMBAI/NEW DELHI India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers told Reuters.

Indian bank bad debt could double after coronavirus crisis -sources

03 May 2020

MUMBAI/NEW DELHI, May 3 India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers told Reuters.

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