The Indian government has put about 50 stressed accounts on a watch list, according to media reports. The list includes Jindal Group firms such as Jindal Steel and Power Ltd., Monnet Ispat, Essar Ltd and Bhushan Steel.
The list includes loans that have turned bad or been restructured as of December 2016. These 50 loans are worth around INR 4-5 trillion ($62-77 billion) in total. Meanwhile, bad loans at state-run banks increased by more than INR 1 trillion ($15 billion) since April 2016 to INR 6 trillion ($93 billion) as of December 31 of the same year.
These accounts are described as stressed, though they have not yet been identified as non-performing loans.