Default Rates

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults

Karnataka and Tamil Nadu are the states with the highest percentage of outstanding loans from micro finance followed by Bihar, Uttar Pradesh and Madhya Pradesh

Amount outstanding is up by over a tenth in a quarter

While the report showed that 646 companies were upgraded and 418 were downgraded, the trend did not mean that there was an improvement in the credit quality of the corporates