Outlook has a great article about corporate defaults.
According to the All-India Bank Employees’ Association (AIBEA), bad loans have gone up from Rs 40,000 crore in 2008 to Rs 1,90,000 crore in 2013. “In addition to the official bad loans data, there is Rs 3,25,000 crore of hidden bad loans in the name of restructured loans (often dubbed CDRs, or corporate debt restructuring) that are being passed off as good loans,” says . . .