Stressed Accounts

The Finance Minister, during the review meeting, also asked the banks to put more effort into recovery from accounts declared as fraud and wilful default while also monitoring early warning signals

The bank's managing director and chief executive officer Shanti Lal Jain has said that out of the total eight accounts that were identified in the first phase, three were already resolved

Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves

The resolution effort may find itself in a conundrum where most road companies may not need it, and power companies may not benefit, say experts

The exclusion of non-bank finance companies (NBFCs) is interesting, as this is sector is heavily leveraged and could face the same problem as banks from their clients

PSBs will need capital to finance economic revival

At this stage we don't really know the real extent of stressed assets created by this scourge

The bank published the advertisement for the proposed auction in newspapers as well as the social media

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit