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

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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

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

Continue Reading with Premium Access

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