Credit culture1 min read . Updated: 27 Jul 2017, 06:29 AM IST
The impact of farm loan waivers has started showing in bad loans accumulated at banks, such as HDFC Bank and Axis Bank
At a time when the Indian banking sector is struggling with bad loans because of the inability of over-extended companies to repay them, it seems that the agricultural sector will add to its woes. Earlier this week, private sector lender HDFC Bank Ltd reported that during the June quarter, 60% of the total increase in its gross non-performing assets was related to the agriculture sector. Axis Bank has also flagged the issue.
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