According to ICRA, the gross non performing assets ratios of state-run banks was stable at 2.4% for the first half of the fiscal year, while the same number for the State Bank of India Group rose to 4.3% from 4%.
State-run banks are often reluctant to lend to private companies that do not have the hard assets (such as land) or implicit government backing that State-Owned Enterprises (SOEs) enjoy.
Last month, a senior anticorruption official told the state-run Xinhua news agency that China will strengthen the measures it uses to recover corrupt officials' illicit assets transferred abroad and ask other countries to freeze those assets.