State-run banks recorded a contraction of 15.6% in their provisions at the end of the September quarter. The Reserve Bank of India stipulates that once an account is referred to the National Company Law Tribunal (NCLT), a provision of 40% has to be made within the financial year.
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Thursday, January 2, 2020
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Banking-Banking/Finance-Industry-Economic Times
Bad loan provisioning may swell by Rs 30,000 crore in Q3
Bad loan provisioning may swell by Rs 30,000 crore in Q3
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