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NPA not an issue, rate cuts to fetch Rs 2.5 trillion gains: K V Kamath

He said that it will help the system tide over troubles and also ease pressure on growth capital

Press Trust of India  |  Varca 

Seeking to allay fears arising from dud loans pile-up, veteran banker K V Kamath said interest rate cuts will give troubled lenders Rs 2.5 trillion boost through treasury gains that will help the system tide over troubles and also ease pressure on growth capital. "At this point I have no fear at all (about non-performing assets)," Kamath, president of the BRICS grouping-promoted New Development Bank, told PTI on the sidelines of the eighth BRICS Summit here. "The interest rate correction gives one big comfort. The treasury gains on mark-to-market for banks so far is Rs ...

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