Banks may have to 'abort' lending to power sector, warns SBI
SBI Managing Director Dinesh Kumar Khara has warned that banks may have to "abort" lending to power and infrastructure sectors due to the burden of bad loans. As many as 30 power projects with a cumulative exposure of â¹1.7 lakh crore are facing bankruptcy proceedings. Talking about the power sector, Khara said, "nobody wants to touch that".