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Muthoot Finance Limited's Long-term ratings upgraded to 'CRISIL AA+/PP-MLD AA+r /Stable', short-term rating reaffirmed
Lending Re-boot: Bad Bank expected to absorb Rs 2 lk cr NPAs By IANS | Published on Thu, Feb 4 2021 16:06 IST | 0 Views KV Subramanian. (File Photo: IANS). Image Source: IANS News New Delhi, Feb 4 : India's growth is set to further accelerate on the back of the path breaking plan to set up a 'Bad Bank', which is expected to absorb Rs 2 lakh crore worth of non-performing assets (NPA). Accordingly, the process is expected to clean up banks' books and allow them to lend more freely. According to the Finance Ministry's Chief Economic Advisor Krishnamurthy Venkata Subramanian, the...
If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said.
If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said.