India's Recovery Strengthens But Market Rout Clouds Outlook

[AZADPAKISTAN2009]

https://www.bloomberg.com/news/arti...?utm_source=google&utm_medium=bd&cmpId=google

To add to that, India’s nearly $1.7 trillion formal banking sector is coping with
$210 billion of soured or problem loans and fraud scandals have erupted at some regional banks. That’s set to curb lending and limit growth even more, and makes the central bank’s job even more complicated ahead of next week’s policy meeting.

Rupee Slump
New risks have emerged just as the economic disruption caused by a cash ban late in 2016 and the chaotic roll-out of a national sales tax fade. India has been swept up in the maelstrom that’s hit emerging markets as rising U.S. interest rates and a stronger dollar prompt investors to pull money out of stocks and bonds. The rupee has been the hardest hit in Asia, dropping more than 5 percent against the dollar this year.

200 Billion , Problem Loans with no recovery in sight and rising oil prices has shocked Indian markets

 

[Chakar The Great]

Waiting for an Indian to come here and tell us how good it is for indian economy and its another master stroke by Modi Ji.

 

[AZADPAKISTAN2009]

Well if Banks can't recover loans in capacity of 200 billion it could be mini financial collapse like one which happened in USA , considering prices of oil are rising higher and higher.

Indian banks won't be able to give out toxic loans

Some folks in India have realized this already that they have hit a mountain of debt which is why they pushed for relations to be put back to 2003 level with Pakistan

 

[Nilgiri]

Yet another complete change of the article title by habitual offender @waz @Jungibaaz @WebMaster

Waiting for an Indian to come here and tell us how good it is for indian economy and its another master stroke by Modi Ji.

Its a problem inherited from previous administration and is actually getting resolved now (by current Modi admin):

https://economictimes.indiatimes.co...term-positive-report/articleshow/62917062.cms

https://www.moneycontrol.com/news/b...reak-the-rising-npa-jinx-in-fy18-2577815.html

Given the inertia effect (and also the reforms introduced by Modi to force better disclosing of bad loans so that they can be resolved with now rather than kicking the can), the problem inherited (from man-moron singh and co) is peaking around now.

Well if Banks can't recover loans in capacity of 200 billion it could be mini financial collapse like one which happened in USA , considering prices of oil are rising higher and higher.

Indian banks won't be able to give out toxic loans

Some folks in India have realized this already that they have hit a mountain of debt which is why they pushed for relations to be put back to 2003 level with Pakistan

Whoo doomsday scenario from mr. butthurt guy that doesn't understand the basics of how debt and seigniorage work:

https://defence.pk/pdf/threads/the-dollar-is-the-source-of-problem.541881/page-3#post-10229563

 

[AZADPAKISTAN2009]

Well if Indian banking sector has bad loans of 200 Billion what can I do ?
Now , if people don't realize the bad loan they will keep taking more loans