Indian Banks are in for a tough time

After the slowdown comes default. I am talking about lending of banks to corporates. I went through BSE SMALL CAP index companies to find out which of the companies are vulnerable and can default on their debts. Following is the list:

Company	Sector	Debt
Abhishek Industries	Textiles	1285.59
Alok Industries	Textiles	5767.31
Ankur Drugs	Phramaceuticals	618.14
Asahi India	Glass	1391.43
Bajaj Hindustan Sugar	Sugar	919.42
Era Infra	Infrastructure	1447.09
Piramal Glass	Glass	732.3
Rajasthan Spinning & Weaving Mills	Textiles	1064.41
Stride Arcolab	Pharmaceuticals	1062.77

I have included only those with debt more than 500 Cr. There are many with debts between 250 and 500 Cr. And also notice that these are small companies in BSE SMALL CAP and not in BSE 500. Similar examples will be found in BSE 500 too but might be lesser. The banks which would have lent to these companies will see their NPAs rise in the next one year. Most of them are from beaten down sectors like textiles, sugar and Infrastructure. I will keep track of these companies.