{"id":456712,"date":"2021-12-17T10:17:56","date_gmt":"2021-12-17T04:47:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=456712"},"modified":"2021-12-17T11:30:53","modified_gmt":"2021-12-17T06:00:53","slug":"power-ministry-tells-banks-to-be-cautious-when-lending-to-discoms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-ministry-tells-banks-to-be-cautious-when-lending-to-discoms\/","title":{"rendered":"Power ministry tells banks to be cautious when lending to discoms"},"content":{"rendered":"<p>The power ministry has urged banks to exercise caution while giving loans to state power distribution utilities to avoid putting the financial system at risk. This is the first time that the Centre has warned banks, expressing concern about the financial position of distribution companies and potential adverse impact on the banking system.<\/p>\n<p>Union power secretary Alok Kumar wrote to various financial institutions last month asking them to follow prudential checks introduced by Power Finance Corp (PFC NSE -1.61 %) and REC NSE -2.54 % Ltd before sanctioning loans to state electricity distribution utilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The power ministry has urged banks to exercise caution while giving loans to state power distribution utilities to avoid putting the financial system at risk. This is the first time that the Centre has warned banks, expressing concern about the financial position of distribution companies and potential adverse impact on the banking system. Union power secretary Alok Kumar wrote to various financial institutions last month asking them to follow prudential checks introduced by Power Finance Corp (PFC NSE -1.61 %) and REC NSE -2.54 % Ltd before sanctioning loans to state electricity distribution utilities.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-456712","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/456712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=456712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/456712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=456712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=456712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=456712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}