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The Cash Crunch
June 2016
Public sector banks in India are staring at humongous piles of bad debts, delinquent loans are rising unabated. Ballooning bad debts have caused 10 Indian state-owned banks to report losses of a whopping Rs.153 billion for the March, 2016 quarter. India Ratings, a Fitch associate, estimates that 21 per cent of the total bank credit is stressed.
PSBs agree to lend Rs.1.71 lakh crore to finance projects
May 2015
In a meeting with the finance ministry some 27 state-owned banks have agreed to extend credit of around Rs 1.71 lakh crore to nonconventional energy projects over the next five years.
RenXSol installs 400 kW project
May 2015
Bengaluru-based solar solutions enterprise and solar consultants RenXSol Ecotech Pvt. Ltd., announced that the 400 kW rooftop power plant at Karnataka State Cricket Association┬┤s M Chinnaswamy Stadium was successfully installed to BESCOM grid, post CEIG approvals.
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