Bankers said sale to ARCs remains an option, but not the first priority unless their price expectations are matched.
Currently, the bank’s CFO S Sundar, is in charge as interim CEO.
Lenders say they will not avail the benefit till there is clarity as any miscalculation in CRR could invite penalties.
Slower growth will likely intensify asset-quality tensions particularly for NBFCs, real estate and lending to SMEs.
Bankers said that there is now a risk that the company could be declared insolvent.
As machines take over many functions, the HR need at banks is shifting to engineers and behavioural scientists.
Data from the Insolvency and Bankruptcy Board of India (IBBI) showed that financial creditors realised just 12% of their claims in the quarter-ended December, down from 34% in the quarter-ended September. Bankers said falling recoveries from the IBC and delays in resolution have pushed them to seek solutions out of the courts.
SC's ruling puts at risk the nearly Rs 30,000 cr loans to Voda-Idea, whose survival is now at serious risk.
Total dues that Digjam owed its creditors came to about Rs 168 crore.
Deccan Value Investors has bid a lower amount totaling ₹2,700 crore this time.
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