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World’s biggest lockdown to push 12 mn into poverty

Some 122 million Indians were forced out of jobs last month alone, according to CMIE data.

legal provisions

28 May, 2020, 10:05 AM IST

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LEGAL PROVISIONS

Banks may need capital for provisions

Bankers say that the RBI may have to tweak rules that demand provisioning if the existing promoters are retained after a loan restructuring. They say the existing promoters have the best chance of keeping the business going instead of going for a new one who would find it difficult to run a medium-sized firm.

MHA dilutes provision on use of Aarogya Setu app

On May 24, MHA revised guidelines dropped the provision. However, the use of app will be “ma...

Private banks increase provisions, but will it be enough?

Private banks have increased its provision coverage ratio (PCR) in the quarter ende...

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