INTRO:
India's central bank warns that banks may see bad loans almost double, despite signs of a pick up in economic activity.
This is because businesses in the country have been hard hit by the pandemic and Covid-19 lockdown restrictions, leaving many companies and individuals struggling to repay loans.
Our correspondent Rebecca Bundhun reports from Mumbai.
IN: "The bad loan ratio of Indian banks…"
OUT: SOC
DUR: 40 secs
GENERIC: http://www.fsnradionews.com/feeds/0112Indiabanks-rb-generic.mp3
India's central bank warns that banks may see bad loans almost double, despite signs of a pick up in economic activity.
This is because businesses in the country have been hard hit by the pandemic and Covid-19 lockdown restrictions, leaving many companies and individuals struggling to repay loans.
Our correspondent Rebecca Bundhun reports from Mumbai.
IN: "The bad loan ratio of Indian banks…"
OUT: SOC
DUR: 40 secs
GENERIC: http://www.fsnradionews.com/feeds/0112Indiabanks-rb-generic.mp3