Mounting NPA has become a big problem for the banking sector. Lenders use write-offs as one of the tools to bring down bad debt on their books by making 100 percent provision
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works
Only logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.
Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days.
Fire-sale in the event has come has manna from the heaven. It took some conscientious promoters to sell their group undertaking despite the fact that they constituted their crown jewels.