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Gross NPA levels of REC rise to 7.15% in Q4 FY18

MUMBAI: Rural Electrification Corporation Ltd, a public financial institution and one of the major players in financing India’s power sector, has reported a jump in gross NPA levels from 2.99 per cent in Q3FY18 to 7.15 per cent in Q4FY18 after RBI came out with the revised framework on resolution of stressed assets in February. […]