The ratio was already one of the highest among major economies at 8.5% at the end of March, as a two-year shadow banking crisis in India soured debt. If the macroeconomic environment worsens further, the ratio may escalate to 14.7% under the very severely stressed scenario, the RBI said in its semiannual financial stability report on Friday.source https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-loan-ratio-set-to-worsen-to-12-5-warns-rbi-in-its-financial-stability-report/articleshow/77146822.cms
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