Business


USD 8.7 bn of MMR’s Realty Loans Severely Stressed, Double Of NCR

Of the total real estate loan of USD 93 bn, NCR, MMR and Bangalore together account for a whopping 80% share (USD 74 bn). Of the overall loan amount extended to real estate, USD 14 bn (or 16%) is under ‘severe’ stress while nearly 62% (approx. USD 58 bn) is completely stress-free. The remaining 22% or USD 21 bn loan amount is under pressure but can potentially be resolved.