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India’s total electricity-generation ability is 344,000 megawatts, a 72 percent increase over six years.(AFP File Photo)

Indian banks on hook for $26 billion in loans to stressed electricity projects

By Andy Mukherjee | Bloomberg
UPDATED ON MAY 15, 2018 10:43 AM IST
Lenders, on the hook for $26 billion, are yet to classify these exposures as nonperforming, let alone provide for losses out of (their increasingly nonexistent) profits. However, now that the central bank is forcing them to clean up their act, they’re trying to think of creative solutions.
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