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FeaturesJobsBlogPricingJamSign up← Back to blogEdit on Replit Thu Apr 29 2021 by Connor Brewster This post is part of a series about the wonderful world of clusters. Check out the first post for an overview of what clusters are all about. In this post we will take a peek under the hood of our hosting infrastructure and walk through how we made hosting work in a multi-cluster world. Hosting overview If you didn t already know, you can host web servers right on Replit.com. Just create a new repl and spin up a web server using Flask, Express, or your favorite web framework. We automatically detect the web server and open a webview in the workspace. Your repls are automatically accessible via a ....
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SC order on NPA reclassification: Key metrics bank depositors should track now Banks will revert to old NPA reporting format, which may impact their financials Not only did the pandemic raise the business risks of banks but it also added more terms to the jargon used to express the financial conditions of banks. Depositors trying to gauge the non-performing assets (NPA) of a lender had to also keep an eye on collection efficiency and proforma NPAs. This stemmed from the Supreme Court’s stay on recognising bad loans until the legality of the loan moratorium’s extension was finalised. Thankfully, the apex court cleared the air through its ruling on March 23. While banks will now revert to the old format of reporting GNPAs or gross Stage 3 assets (Ind AS) in the upcoming quarters, the ruling can have immediate implications on the financials of banks, particularly for the quarter ended March 31, 2021. Depositors will now need to see the strength of the following financial ....
Profit before tax from India increased to $1.02 billion in 2020 from $1 billion in 2019 even though the group net profit fell 30% to $6.01 billion due to higher provisions for loan losses post Covid 19. ....