India banks to suffer losses on telecom licenses: Moody’s
India’s public sector banks will “almost certainly” suffer losses from the US$2 billion-worth of loans granted to telecom companies whose licenses have been recently revoked, said the ratings agency.
Public sector banks in India, whose non-performing loans (NPLs) are already trending upwards, will be hurt by the US$2 billion-worth of loans of given to telecom companies who had their 2G licenses revoked.
This is particularly true of the smaller telecom operators who have no other sources of
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