'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
The Centre directed Uttar Pradesh and Bihar on Sunday to prevent dumping of dead bodies in the Ganga and its tributaries, and focus on their safe disposal and a dignified cremation after corpses were seen floating in these rivers following a spurt in the number of coronavirus cases.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
The NCLAT's order is offensive because it goes against every tenet of bankruptcy reorganisation. If Justice Sudhansu Mukhopadhyay's tenets are accepted by the Supreme Court, we will not only regress in modern bankruptcy reorganisation but also slide back in the Doing Business rankings, says Omkar Goswami.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
The move, amid a rise in slippages from restructured assets, is aimed at resolving stress in the banking system.
The mortal remains of Environment Minister Anil Madhav Dave were consigned to flames on the banks of the river Narmada at Bandrabhan in Madhya Pradesh's Hoshangabad district today, with full state honours.
District Magistrate of Saharanpur, which recently witnessed communal clashes claiming 3 lives, was on Monday night transferred in a major reshuffle of Uttar Pradesh bureaucracy.
The Bhopal seat is currently held by Alok Sanjar of the BJP.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
A round-up of Ranji Trophy matches played on Thursday
In an online chat with readers, chef Sanjeev Kapoor shares interesting anecdotes from his culinary journey.
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