Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in a report on Tuesday. The rises will be led by retail clients and the micro, small and medium (MSME) segments, said Krishnan Sitaraman, senior director and deputy chief ratings officer, noting they represent 40% of total bank credit. Last year the Reserve Bank of India (RBI) allowed banks to offer a six-month moratorium to all small borrowers.
CHENNAI (Reuters) -India's solar energy output growth slowed in September, a Reuters analysis of government data showed, at a time when coal-fired utilities are facing a shortage of a fuel that accounts for more than 70% of the country's power generation. Growth in solar energy is critical this year as half of India's 135 coal-fired power plants have fuel stocks of less than three days. India expects the coal shortage to last for up to six months.