Banks anticipate tough Q4 as RBI tightens NPA norms
Withdrawal of all debt restructuring tools by the Reserve Bank of India will lead to more assets being classified as non-performing or bad loans, for which provisions will have to be made in the current quarter ending March 31, a top banker said. So, bottomlines of all banks, including those in the private sector, will be subdued in the last quarter of the current fiscal, the banker added
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Punjab National Bank (PNB), which has been hit by alleged scam, alone would have to make provision for fraud losses to the tune of Rs 14,500 crore. Image source: Reuters