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5 things you need to know about bank write-offs

A primer on the ongoing banking crisis involving bad loans and write-offs

Shishir Asthana  |  Mumbai 

While Indian banking stocks would have fallen regardless, given the global equity market meltdown, a big reason for their fall is their worsening asset quality. The Reserve Bank of India had to arm-twist public sector banks to disclose their toxic assets, and after providing for them start writing them off.   Former Reserve Bank deputy governor K C Chakrabarty has dubbed these technical write-offs by banks as a “scam”. Chakrabarty, who handled the supervision department, told The Indian Express that “Technical write-offs by Indian banks are inequitable and should be ...

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5 things you need to know about bank write-offs

A primer on the ongoing banking crisis involving bad loans and write-offs

A primer on the ongoing banking crisis involving bad loans and write-offs While Indian banking stocks would have fallen regardless, given the global equity market meltdown, a big reason for their fall is their worsening asset quality. The Reserve Bank of India had to arm-twist public sector banks to disclose their toxic assets, and after providing for them start writing them off.   Former Reserve Bank deputy governor K C Chakrabarty has dubbed these technical write-offs by banks as a “scam”. Chakrabarty, who handled the supervision department, told The Indian Express that “Technical write-offs by Indian banks are inequitable and should be ... image
Business Standard
177 22

5 things you need to know about bank write-offs

A primer on the ongoing banking crisis involving bad loans and write-offs

While Indian banking stocks would have fallen regardless, given the global equity market meltdown, a big reason for their fall is their worsening asset quality. The Reserve Bank of India had to arm-twist public sector banks to disclose their toxic assets, and after providing for them start writing them off.   Former Reserve Bank deputy governor K C Chakrabarty has dubbed these technical write-offs by banks as a “scam”. Chakrabarty, who handled the supervision department, told The Indian Express that “Technical write-offs by Indian banks are inequitable and should be ...

image
Business Standard
177 22