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Muthoot Finance Limited's Long-term ratings upgraded to 'CRISIL AA+/PP-MLD AA+r /Stable', short-term rating reaffirmed

Muthoot Finance Limited s Long-term ratings upgraded to CRISIL AA+/PP-MLD AA+r /Stable , short-term rating reaffirmed ....

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Lending Re-boot: Bad Bank expected to absorb Rs 2 lk cr NPAs

Lending Re-boot: Bad Bank expected to absorb Rs 2 lk cr NPAs
By
IANS
|
Published on
Thu, Feb 4 2021 16:06 IST
|
0 Views
KV Subramanian. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 4 : India s growth is set to further accelerate on the back of the path breaking plan to set up a Bad Bank , which is expected to absorb Rs 2 lakh crore worth of non-performing assets (NPA).
Accordingly, the process is expected to clean up banks books and allow them to lend more freely.
According to the Finance Ministry s Chief Economic Advisor Krishnamurthy Venkata Subramanian, the crucial reform measure in the sector will pave the way for a stronger banking sector. ....

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RBI: Bank NPAs could double to 14.8% under severe stress

If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said. ....

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RBI: Banks gross NPA may rise to 13.5 pc by Sep 2021: RBI FSR

If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said. ....

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