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RBI's new NPA Norms will Deepen Power Crisis

<p>RBI&#39;s new guidelines on default will worsen the crisis in the power sector and suggested changes. The new guidelines of the RBI will only deepen the crisis of the electricity sector as its leitmotif is distinct, peculiar and sector specific without any generic underpinning with other sectors of the economy. The high rate of non-performing assets (NPA) in Indian banks is sector specific with major concentration in sectors like infrastructure, power, iron, steel and textile. Total NPA in power sector has exceeded Rs 1.8 lakh crore.</p>