You are using an older browser version. Please use a supported version for the best MSN experience.

Govt close to resolving some bad power loans: Piyush Goyal

LiveMint logoLiveMint 12-06-2017 Sudarshan Varadhan

New Delhi: The government is close to resolving bad loans made in the power industry for companies that owe money and are not avoiding repayment on purpose, power minister Piyush Goyal told reporters on Monday.

Bad loans in the power sector continue to weigh on India’s banks, and the government has been looking for ways to help ease the pain for companies struggling to service their debts.

Goyal, speaking to reporters in New Delhi, did not immediately elaborate on how it would resolve the bad loans. Reuters

More From LiveMint

image beaconimage beaconimage beacon