The 53-year-old optician's $13,500 debt risks destabilising India's banks. That is because a complaint he brought challenging the loan relief plan, grouped with those of other borrowers and now before the SC, could mean a $27 billion hit to lenders that could shake the nation's financial system, the industry and regulators fear.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/eye-watering-problem-agra-based-opticians-claim-threatens-to-break-the-indian-banks/articleshow/78191110.cms
No comments:
Post a Comment