Indian banks have significantly strengthened their position after enduring government scrutiny and bad loan challenges, according to CLSA. Balance sheets are robust, with profits quadrupling in a decade, and return on equity is at its highest since FY2011. Deposit and loan growth has accelerated, with private banks poised for improved market performance.
The Indian Biogas Association (IBA) is advocating for a fixed procurement price of Rs 90 per kg for biogas by oil and gas marketing companies, aiming to boost the sector and emphasize its environmental benefits. Currently, the procurement price of compressed biogas (CBG) is linked to the retail selling price (RSP) of compressed natural gas (CNG), resulting in a lower price of Rs 59 per kg. IBA believes that CBG should command a premium price of Rs 90 per kg to reflect its environmental value.
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