RBI has lowered its lending rate

The dating game has changed. It’s quite a bit different now than it was just a couple of generations ago. Then, the first date inevitably took place at the local diner and you were married by the third. The biggest problem Indian solar companies face is the high rate of interest. This matters a lot in an industry with high capital costs. RBI has lowered its lending rate, but banks are too risk averse to lend to solar companies, which still pay 10 11% interest on the bulk of their borrowing from public sector entities like Power Finance Corporation and Rural Electrification Corporation.

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