Record fall in electricity demand adds to bad loans woes of Indian banks

Record fall in electricity demand adds to bad loans woes of Indian banks

The biggest drop in India’s electricity demand in at least 12 years is hindering efforts of Indian lenders to recover a pile of loans to power producers that have soured. Banks had about 1.8 trillion rupees ($25 billion) of stressed loans to India’s coal-fired power generators as of last year, according to the State Bank of India

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