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How the second wave of Covid will play out is a challenge: BoM chief
May 14, 2021
AS Rajeev, MD and CEO, Bank of Maharashtra×
Bank of Maharashtra (BoM) could figure among the top three public sector banks (PSBs) in terms of efficiency parameters and asset quality if its current performance continues for the next couple of years, according to MD and CEO AS Rajeev.
The bank, which posted net profit for nine quarters on the trot up to the fourth quarter of FY21, has adequate capital to ensure a 20-22 per cent growth in RAM (retail, agriculture and MSME) advances and about 10-12 per cent growth in corporate advances in FY22, he said. In an interaction with
Fraudulent loans cannot be sold to bad bank: RBI
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The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public sector banks. This would mean that a big chunk of sticky loans would continue to remain on the books of banks.
(This story originally appeared in on Mar 08, 2021)MUMBAI: The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public sector banks. This would mean that a big chunk of sticky loans would continue to remain on the books of banks.
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