The top five lenders State Bank of India, HDFC Bank, Bank of Baroda, ICICI Bank, Punjab National Bank who hold about half of the $1.8 trillion financial sector’s loans will have to refund $500 million while the rest will mainly be spread among more than 50 local banks and shadow lenders. Still, this is a small amount compared with their combined annual operating profit of more than $28 billion, according to ICRA’s Gupta.source https://economictimes.indiatimes.com/industry/banking/finance/banking/removal-of-bad-debt-hangover-hands-indian-banks-clarity/articleshow/81662340.cms
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