Credit Suisse has put out a note on Indian financials and they have noted stress falling sharply in the second quarter of this fiscal.

The author of this report is Ashish Gupta, who first highlighted that Indian banks are overstressed with bad debt, now sees some green shoots.

This is the first time in five years that he says that stressed corporate debt has fallen sharply. The report adds that the amount of debt in which the EBITDA is even lower than the debt, has fallen to 35 percent which is a five-year low.

The report says that the metal and telecom sectors led the fall in stressed debt while the power sector saw some improvement, but still has a fight up its sleeve.

CNBC-TV18’s Latha Venkatesh has the highlights from the report.

Watch the video for more

(Edited by : Abhishek Jha)

First Published:Nov 19, 2020 1:56 PM IST