Hyderabad: State-run Andhra Bank is bracing for a hit after farmers in Andhra Pradesh and Telangana stopped repaying agricultural loans even before the new governments of the two states release money to follow up on loan waivers promised in their budgets for the year to 31 March.
Ninety per cent of Andhra Bank’s agricultural loan book of ₹ 21,215 crore is made up of loans to the two southern states that are its home market, making it highly vulnerable to defaults by farmers. Farm loans accounted…
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