Banks scramble to beef up defences as coronavirus threatens to sour loan books
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Banks scramble to beef up defences as coronavirus threatens to sour loan books

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Banks scramble to beef up defences as coronavirus threatens to sour loan books
Credit: Reuters

Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry braces up for the bad-loan fallout of the coronavirus pandemic. The sector is already grappling with Rs 9.35 trillion ($120 billion) of soured loans equivalent to 9.1% of total assets at ......

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