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eclgs: Finmin widens scope of ECLGS, includes healthcare sector

Synopsis
SMA-1 borrowers in the healthcare sector and 26 other high stress sectors (as identified by the Kamath Committee) are now eligible under ECLGS 2.0, the finance ministry said in a tweet.
Special Mention Accounts (SMAs) are those which are witnessing stress and can become NPAs/stressed assets.
The finance ministry on Friday expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) which will now cover borrowers from the healthcare segment, apart from the 26 sectors identified by the Kamath Committee. Last month, the government had extended the scheme by three months till June 30 and expanded its scope to cover enterprises in hospitality, travel and tourism, leisure and sporting sectors. ....

Aatmanirbhar Bharat , Kamath Committee , National Credit Guarantee Trustee Company Ltd , Emergency Credit Line Guarantee Scheme , Mention Accounts , Finance Ministry , Emergency Credit Line , Healthcare Sector , காமத் குழு , தேசிய கடன் உத்தரவாதம் அறங்காவலர் நிறுவனம் லிமிடெட் , அவசரம் கடன் வரி உத்தரவாதம் திட்டம் , குறிப்பிடவும் கணக்குகள் , நிதி அமைச்சகம் , அவசரம் கடன் வரி , சுகாதாரம் துறை ,

NPAs and its effects on banks' profitability

NPAs and its effects on banks’ profitability
December 22, 2020, 12:11 PM IST
Abhishek Sikdar graduated in Economics from St Xavier s College under Calcutta University and post-graduation from Delhi School of Economics. He has worked in several leading business newspapers. During his service career, he had written numerous reports, conducted meetings with global economic consultants and international fund managers and imparted training programs to Sales Teams. LESS. MORE
Introduction
The Indian economic crisis of 1990s fuelled the need of World Bank and IMF loans which led to the remodeling of the banking system in India along with the economic liberalization policies of 1991 in the ways of the Narsimham Committee reforms. ....

Lok Adalats , Vijay Mallya , Mehul Choksey , Gross Npas , Credit Information Bureau India Limited , Asset Reconstruction Companies , World Bank , Asset Reconstruction Company , Narsimham Committee , Lender Committee , Non Performing Assets , Bad Debts , Twin Balance Sheet , Nirav Modi , Action Plan , Central Repository , Large Credits , Information Bureau , Debt Recovery , Bankruptcy Code , Debt Restructuring , Mention Accounts , Additional Precaution , Asset Reconstruction , விஜய் மல்லையா , மெஹுல் சோக்சய ,