News
26 June 2018

Indian banks face major losses from power sector loans

In:
Power
Region:
Asia-Pacific

Bank of America Merrill Lynch (BofA ML) suggests Indian banks face a new $38 billion wave of losses from the power sector. The power sector took a turn for the worse in 2014 when India’s Supreme Court cancelled more than 200 coal-mining permits, calling the free allocations illegal. The sudden...

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