india power corp]
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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