Suzlon today said it will repay domestic term loans worth Rs 5000 crore with the proceeds from the sale. It further said it will use Senvion‘s offshore technology by paying a license fee.
Capital adequacy ratio as of now is around 11.40%. But with Rs 1,800 crore coming from the government and around Rs 2,000 crore which the bank will raise as tier II capital, the capital adequacy ratio at the end of this financial year should be around 13% plus.
In an interview to CNBC-TV18, RK Goyal, ED of Central Bank of India spoke about Winsome Diamonds account. Central Bank of India has classified both the accounts of Winsome Diamonds as non-performing assets (NPAs).
Shares of public sector banks and power generation companies have been running up in the past week on hopes that the cabinet is close to agreeing on a package to clean up the losses of State Electricity Boards (SEBs) or power discoms.
The monetary policy is slated for January 24 and Tanksale expects the Reserve Bank of India (RBI) to maintain liquidity in the system for economic growth of the country.