....To avoid a dent in ROE, most banks would seek approval from the Reserve Bank of India to directly write off from the reserves account. RBI had permitted State Bank of India to write-off pension liability worth Rs 7,900 crore from reserves in financial year 2011. If RBI refuses to allow banks to directly adjust the unamortised amount with the balance sheet (reserves), then ROEs of public sector lenders may be hit severely in the current fiscal......
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