The total outstanding credit to the energy / power sector from various banks amounted to Rs 582,276 cr at the end of 2014. This was informed in a written reply to the Lok Sabha by power minister Piyush Goyal.
State Bank of India had the highest exposure to the power sector with a total loan amount of Rs 100,085 cr, followed by Canara Bank with Rs 45,620 cr.
In a separate reply to another question, Mr Goyal said the government has no plans to reschedule loans to power companies. “Commercial banks and financial institutions such as Power Finance Corporation and Rural Electrification Corporation, etc., take commercial decision and reschedule loans whenever justified,” the minister said.
