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It may be tempting to believe that last year’s bankruptcy law reforms will soon begin to ease the pain at banks by encouraging the quick sale of assets of troubled borrowers. The proceeds from such sales, however, would likely amount to very little in comparison with the mammoth scale of troubled assets. According to a joint study by Assocham and Crisil, gross NPAs in the banking system are estimated to increase to ₹9.5 lakh crore by March 2018, from ₹8 lakh crore a year earlier. In that case, write-offs recognising losses may be the most honest and practical way to deal with the bad loans problem. So the RBI in the coming months should continue to push banks, both public and private, to promptly recognise the stressed loans on their portfolios. Incidentally, the Prime Minister last week laid the blame for bad loans on the previous government. While it is quite true that the present bad loans crisis has been a long time in the making, the problem of lax corporate governance, which has plagued public sector banks and contributed in no small measure to the present crisis, still remains largely unaddressed by the government.
The union cabinet has approved and finalized the development of the new Dholera greenfield airport in which of the following states?
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How many compounds did AgeXtend screen in its study to identify anti-ageing molecules?
Consider the following statements regarding the directions provided by the Reserve Bank of India with respect to regulating entities facilitating cross ...
The Government of India's announcement of a Rs 500 crore e-mobility scheme to promote electric vehicles (EVs) targets which of the following vehicles fo...
IndusInd Bank has recently launched the 'Wrestle for Glory' program in collaboration with which institute to support talented female wrestling athletes?
Statement 1: Contributions to the PM-SYM scheme vary based on the age at which a worker joins the scheme.
Statement 2: The scheme allows for a on...
Which company has entered into a strategic partnership with Hyperface, a Credit Cards-as-a-Service (CCaaS) platform to facilitate the digital issuance o...
The Asian Development Bank (ADB) and the Government of India signed a USD 100 million loan to promote the agribusiness network to boost farm incomes and...
What is the primary objective of the two - day tribal orientation program " Adi Vyakhyan " inaugurated by Union Minister Arjun Munda?