India’s private banks could be staring at another bad loan mess

India’s private banks could be staring at another bad loan mess

India’s private banks may soon be visited by ghosts of the past. With the pandemic and the ensuing lockdowns disrupting the Indian economy and businesses, the country’s private banking system may be hit by a fresh bad loans mess, according to a recent report by UBS Global Research. Between 6% and 16% of the loan books of India’s top five private banks are made up of “vulnerable” companies, the report said.