India's banks face risk from $13 billion telecom dues

The report said that in the banking system, telecom loans amounted to 1.1 trillion or 1.3% of the total credit in September. In addition to Vishal Goyal and Ishank Kumar, IndusInd, YES and SBI appear to be fairly open to the Vodafone concept.

India's rejection, by the high court on Thursday, of the wireless carrier's appeal to the government to review $ 13 billion raises the risk to companies ' lenders, according to UBS G....