By housing bad loans of many lenders under one roof, the new entity should help speed up decision-making and improve bargaining power when resolving these assets.
After a decade of being left out in the cold, it seems like Indian banks and financial institutions will be allowed access to the credit insurance market again.
Despite being India’s most valuable lender, HDFC Bank so far hasn’t been able to exploit its strong balance sheet to make inroads into this competitive market.
India’s planned bad bank, with the working name of National Asset Reconstruction Co. Ltd, will keep its debt to equity ratio at 1:1, said Sunil Mehta, CEO, Indian Banks’ Association.
RBI’s relief steps are centred on small borrowers and entities in unorganised sector. Credit needs of the healthcare sector are addressed too. Implementation now holds the key.
A Rs 50,000-crore window for healthcare sector, loan repayment relief for individuals and small firms, and a relief from updating KYC are some of the measures announced.
The narrations linked to ‘Ghazwa-e-Hind’ sit far outside authenticated Hadith literature, yet modern amplification has turned a weak report into a slogan with political afterlife.
Once acquired by IAF, the medium transport aircraft (MTA) will replace both AN-32s and IL-76s, it is learnt. The idea behind the revamp is to meet modern operational needs.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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