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During the August 2023 MPC, RBI Deputy Governor Swaminathan J stressed on the need for banks to redouble their efforts to recover written-off loans.
Moneycontrol's analysis of data from 14 banks shows that five of the seven top lenders which have declared their quarterly results posted a higher level of write-offs compared to the previous a year. Banks may now start working on maintaining business flows, experts say
Twenty banks which have disclosed data on write-offs have seen the aggregate number rise from Rs 1.45 lakh crore
China's big state-owned banks are poised to modestly accelerate profit growth and see a steady recovery in their shares in 2017 as interest margins stabilize and government policies help ease the pace of formation of new bad loans.
In an interview with CNBC-TV18, Manoj Gaur, Executive Chairman, Jaiprakash Associates, discusses company's fourth quarter performance and future plans.
CLSA feels margin expansion would be gradual as Diageo would continue to take hard decisions which poses risk to near-term earnings
