Following the footsteps of State Bank of India and ICICI Bank, Canara Bank has classified its loan to Dabhol Power Company as a non-performing asset.
Indicating that it would take some more time to restart the controversial Phase I of Dabhol Power project in Maharashtra, Power Minister Anant Geete said in Lok Sabha.
The trouble is largest FDI projects in India have had a tragic history.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.