Thu, Feb 14, 2019
There is so much urgency among the lenders to recover their dues that not taking any chances of possible delay, SBI had put its entire Essar Steel loan exposure of Rs 15,431 crore on sale though it did not meet the desired response
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Recently, when BoI, BoM and OBC were taken out of the PCA, they were falling short of meeting the RoA norms. But since none of these banks have met the requirement for `return on assets`, it appears that the trigger has been diluted.
There is a real problem (being faced by the realty sector)," Goyal said at a Credai event here, adding that banks should take some initiatives to assess the projects and fast track them.
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