Monday, June 30, 2014

Banks Rush to Dump Their Bad Loans, Make a Beeline for ARCs

..............Increasing stress on the loan book has been worrying bankers as it eats into their profits and limits their ability to expand the loan book. As a result, a number of banks are selling stressed loans to ARCs. Data released by the Reserve Bank of India show that for commercial banks, gross nonperforming assets (NPA) ­ bad loans before making provisions ­ stood at 4% of total advances in March compared with.............

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