Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Debt recasts for 2013 hit record Rs 74,000 crore

Jan 02 2014, 00:58 IST
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In Dec, six accounts worth Rs 10,121 cr were restructured , including Lanco Infratech’s Rs 7,324 cr. Express In Dec, six accounts worth Rs 10,121 cr were restructured , including Lanco Infratech’s Rs 7,324 cr. Express
SummaryIn Dec, six accounts worth Rs 10,121 cr were restructured , including Lanco Infratech’s Rs 7,324 cr

a big chunk of loans being reworked.

In the FSR, the central bank noted that RBI had provided regulatory forbearance in classification of standard assets which were restructured through the CDR cell, thereby allowing banks to escape higher provisioning for such accounts. The regulatory concern regarding restructuring arises from the possibility of the relaxations not being used judiciously by banks commensurate with the viability of projects. These relaxations for asset classification and provisioning will be phased out by April 1, 2015.

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