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SC’s AGR ruling: Banks at risk of rising NPAs from the telecom sector

The AGR raises the probability of default in the telecom space

January 20, 2020 / 06:59 PM IST
SC’s AGR ruling: Banks at risk of rising NPAs from the telecom sector

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The Supreme Court’s rejection of telecom companies’ review petition relating to the adjusted gross revenue (AGR) dues is set to have far-reaching implications on the financial as well as the telecom sectors. Following the SC ruling, banks are staring at additional stress on their telecom exposure. Background The issue calls for a backgrounder of sorts. On October 24, 2019, the top court ruled in favour of the Department of Telecommunications (DoT) in its long-running dispute with telecom companies on the definition...

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