E-MAIL FOR SPONSORSHIP

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
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


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.

ℹ️ This article is free for registered users. Sign in to continue reading.

Sign In to Continue Reading

Create a free account to access the full article and exclusive features from Mercom India's renewable energy coverage.

✓Access to free articles and news
✓Save articles for later reading
✓Personalized content recommendations
✓Newsletter subscriptions
Sign Up FreeLog In
thumbnail

Ankita Rajeshwari

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

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS