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Bad loan provisioning may swell by Rs 30,000 crore in Q3

image MUMBAI: Indian banks could be staring at bad-debt provisions of an estimated Rs 30,000 crore against loans to Dewan Housing FinanceNSE -1.52 % Corp (DHFL), the Anil Ambani-led Reliance Home Finance, KKR-backed Coffee Day Enterprises and CG Power. Resolution hasn’t been finalised in any of these accounts, which means the December quarter could possibly see a reversal in the brief fall in provisioning that occurred in the preceding three-month period.

The bulk of the provisions will be on .................ET

03-Jan-2020