The bank had gained 5% market share in the past couple of years.
The participants, all top fund managers, were split on issue of whether Centre was right in calling MPC members for discussion ahead of policy meet.
For the second half, RBI is now estimating inflation at 3.5-4.5 per cent a 50-basis points cut from 5 per cent estimated previously.
The govt, which has to own at least 51% in banks by statute, is not in a position to provide capital. And private capital can’t flow either because of law.
Fitch said that though some cos like RCom are facing difficulties, others like Airtel, Vodafone, Idea and even Tata Telecom are in a much better position.
State Bank of India with Rs 2,375 crore has the largest exposure followed by Punjab National Bank (Rs1,350 crore) and IDBI Bank (Rs1,230 crore).
The state, sooner or later, may have to make the difficult choice between putting in more good money after bad or being open to ‘strategic’ choices, said Kotak.
Total stressed loans in the Indian banking system currently stand at more than Rs 12 lakh crore.
RCom’s earnings before interest tax depreciation and amortisation (EBITDA) declined by 30% to Rs 4,900 crore in the financial year to end-March 2017 .
Total stressed loans in the Indian banking system currently stand at more than 12 lakh crore. Stressed loans include loans that have been restructured.
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