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Banks stare at $38 bn new bad loans from power sector: Bank of America-Merrill Lynch report

Mumbai: The banking sector, which is already reeling under a mammoth pile of bad loans, is looking at potential dud assets of $38 billion from the power sector, as $53 billion of the $178 billion bank loans to the sector are already stressed, said a report. “Of the $178 billion (around Rs 11.7 trillion) of […]

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