Ten business groups grab 13% of bank loans

At a time when banks are witnessing a surge in bad loans and corporates are rushing for loan restructurings in the wake of the economic slowdown, the Indian banking sector is staring at a new threat. As much as 13 per cent of banks loans are now accounted by ten select business groups and investments of most of these groups are in similar sectors and projects (primarily, power and metals) and many of them may be stressed, warns a report by global banking giant Credit Suisse.

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