That could mean a long slog before banks return to health. After years of sweeping bad-loan problems under the rug, India’s lenders have started to come clean. For all the goodwill India’s regulators and banks have mustered for recognizing souring loans, there aren’t any quick ways to clean up those bad debts. Top private-sector lender ICICI Bank, for instance, reported a nonperforming-loan ratio above 5% at the end of March, up from...

Source: Wall Street Journal May 10, 2016 23:11 UTC