India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

The country’s banks are already reeling under the pressure of huge bad loans

April 9, 2018

/ Ankita Rajeshwari
/ Other, Renewable Energy
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India’s banking sector is staring at potential dud assets worth $38 billion (~₹2,470 billion) from the power sector, according to a latest report released by the Bank of America and Merrill Lynch.

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Ankita Rajeshwari

More articles from Ankita Rajeshwari.
Bad loansBank of Americabanksdud loansIndian banksMerrill Lynchpower sectorUDAY
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