16.1% of bank credit faces default risk: BNP
Corporate debt worth $178 billion or 16.1% of the total bank credit in India stands at a risk of default, according to French financial services firm BNP Paribas. Notably, India has the highest percentage of loans at risk in Asia, followed by Indonesia (7.2%) and China (6.6%). The report is based on an analysis of 738 listed companies in Asia.