Private Banks See Rise in Bad Loans, Provisions in Q1

Big banks are seeing more 'bad' loans, meaning people aren't paying them back.

This happened in the first three months of the year.

Axis Bank, HDFC Bank, and ICICI Bank all had a rise in these bad loans.

The main reason seems to be problems with loans given to farmers and smaller, less secure loans.

Banks are setting aside more money to cover these losses.

This is a sign that some borrowers are struggling to pay back their debts.