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India Comes in Top 5 Nations with Highest Bad Loans
December 29, 2017
The seriousness of the problem of bad loans in India can be realized by the fact that it ranks 5th among the top nations with the highest amount of bad loans. Only Greece, Italy, Portugal, and Ireland are the countries that have higher bad loan than India in the entire world.
With a non-performing assets (NPA) ratio of 9.85%, India ranks fifth, as per a report by ratings firm CARE. The developed nations on the other hands, including USA, UK, Germany, and Japan, have bad loans ratio below 2%.
