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Tata Sons may bank on TCS to clear telecom arms' AGR dues

It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
The Economic Times



Bank of Baroda says fresh NPA accretion nearly peaked

"Given the fact that there are some indicators like the watch-list coming down, in terms of size, I can say with a reasonable degree of confidence that the slippage levels should be lower going forward," Chadha, who took over the charge last week told in an interview.

Market Movers: IndiaMart, ZEE soar; Maruti, Alembic hit hard; 132 stocks flash ‘sell’ signals

BSE flagship Sensex closed 208 points lower at ...

SBI Life Q3 profit up 47% at Rs 390 crore

The private insurer's PAT stood at Rs 264.28 crore during the October-December period last year.

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  • Bank recapitalisation, means infusing more capital in state-run banks so that they meet the capital adequacy norms. The government, using different instruments, infuses capital into banks facing shortage of capital.

    Even though agriculture NPA was only Rs 1.1 lakh crore or 12.4 per cent of the overall NPAs in FY19, if we accounted for Rs 3.14 lakh crore worth of farm loan waivers announced in the last decade, agri NPAs/burden for the exchequer/banks could be as much as staggering Rs 4.2 lakh crore and if the latest Rs 45,000-51,000 crore of write-offs announced by Maharashtra this could be at Rs 4.7 lakh crore.

    Mistry said HDFC has been going slow on project loans for the last four to five quarters because of the overall conditions, but it is focusing on the individual loans segment with the same vigour as before. He said the real estate sector is very important for the economy because it helps creates jobs both directly and indirectly.

    Rajnish Kumar added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from consumers. On transmission of monetary policy, he said the banks cannot lower rates beyond a threshold due to asset liability mismatch issues.

    At the end of September 2019, the capital to risk assets ratio (CRAR) of the NBFC sector stood at 19.5 per cent, lower than 20 per cent as at end-March 2019. According to RBI's Financial Stability Report, the net NPA ratio of non-banking financial companies (NBFCs) remained steady at 3.4 per cent between end-March 2019 and end-September 2019.

    In 2017-18, 44 lakh farmers got the maximum benefit of the loan waiver while the 89 lakh farmers availed of crop loans in that year. The state has 137 lakh farmers. This time, at least 50 lakh or more farmers may get the maximum benefit due to an increase in ceiling limit from Rs 1.5 lakh to Rs 2 lakh.

    Investigations found nine star exporters in sectors such as agro-processing, garments and electronics were not traceable at the addresses on record, while in two cases, the premises were found sealed and seized by banks as the exporters had been declared as NPAs, even as they availed IGST refunds.

    Divergence in gross NPA is the difference in gross bad loans reported by banks and the assessment done by Reserve Bank of India. Allahabad Bank had reported Rs 28705 crore gross NPA as on March 2019 while RBI assessed its gross NPA at Rs 28772 crore.

    Gross NPA ratio in the FY18-19 came in at 9.1% as against 11.2% in the year-ago period

    Naveen Tahilyani has been appointed as Group Executive -- Head Banking Operations and Transformation -- with effective from January 6. Cyril Anand, the incumbent CRO will retire from the services of the bank, with effect from close of business hours of December 31, 2019.

    With the moratorium period of some facilities gradually coming to an end, it is expected that the asset quality may come under pressure. There has also been an increase in softer delinquencies for nonbanks in the current fiscal reflecting the build-up of stress.

    Sitharaman said the Centre was doing everything to instill a sense of protection among bankers.

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