Ahead of Budget 2018, banks may lose Rs 15,000 crore. Here's how.

NEW DELHI: By November-end, the government was at considerable risk of breaching the fiscal deficit target of 3.2 per cent of the GDP as it exhausted 112 per cent of its full-year target of capping deficit at Rs 5.5 lakh crore. Fiscal deficit refers to the difference between the total revenues earned and total expenditure of the government. A wider fiscal deficit thus, refers to greater debt for the state exchequer.

Here is an explainer on how the widening fiscal deficit may cost the banking sector Rs 15,000 crore: