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Npa Recognition

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Adv tax payments: PSBs show decline; pharma, steel firms rise

The impact of NPA recognition has hit tax payments by state-run lenders in the financial capital, but the steel and pharma sector companies have posted handsome increase for the June quarter advance tax outgo
NIMs will stay between 3.2-3.5% in long-term: Andhra Bk

Completing its 100% migration to system-based NPA recognition, in an interview to CNBC-TV18, R Ramachandran, chairman and managing director of Andhra Bank says its is one of the reasons why the bank’s NPAs have gone up in Q2. Further, he says, "in the long-term, NIMs will be stabilising at 3.25% and 3.5%."

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