Moneycontrol PRO

business

Burst of bad loans in Q2: Bankers say it's a one-off

A big theme of the past few days has been the quantum leap in bank loan defaults as revealed in the second quarter numbers of some public sector banks. MV Nair chairman of Union Bank and Diwakar Gupta managing director of the State Bank of India analyse why the situation has gotten worse and will it deteriorate further.

first published: Nov 12, 2011 12:25 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347