Banks NPAs News
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The Reserve Bank is expected to extend the deadline for asset quality review (AQR) of lenders by a few months because of the unusual situation in the financial sector following demonetisation, bankers said.
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Describing India as a "bright spot" in the complex set of economic forces, IMF Chief Economist Maurice Obstfeld today said rising NPAs in Indian public sector banks remain a challenge despite progress.
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The Centre is likely to soon announce the first tranche of the Rs 25,000 crore capital infusion for public sector banks (PSBs), planned for this financial year (2016-17).
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Ratings agency Crisil has said that there are no signs of Indian economy sharply rebounding in the next financial year as the fiscal policy remains restrictive.
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