State Bank of India, ICICI and the Industrial Development Bank of India will collectively end up taking a hit of around Rs 600 crore on account of provisioning in their fiscal 2002 books, if the Dabhol Power Company fails to pay interest in the last two quarters of 2001-02.
In addition, banks and institutions are also set to lose Rs 420 crore worth of interest income in the second half of the financial year.
