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Sectoral policy intervention in works, no fiscal stimulus

Sunday, August 18, 2019, 4:32 PM

The Finance-Ministry is holding back-to-back discussions with the Prime Minister's office and the RBI to come out with a sectoral policy-package at the earliest but sources rule out any fiscal stimulus having direct revenue implications. There will be relief to the sectors in stress through policy interventions like for the auto-sector, the industry's demand for separate refinance window under the RBI is being discussed.
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Syndicate Bank expects Rs 4,000 crore from NPA recovery in FY20

Monday, August 12, 2019, 4:53 PM

State-owned Syndicate Bank expects to mobilise Rs 4,000 crore from recovery of bad loans during the current fiscal. The recovery is likely from the cases before the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC) and resolution of cases at bank level, including one time settlement, Syndicate Bank Managing Director Mrutyunjay Mahapatra told PTI.
 
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FM Nirmala Sitharaman to meet CEOs of PSU banks on August 2

Thursday, August 1, 2019, 7:51 PM

FM Nirmala Sitharaman will meet the CEOs of PSBs to review the financial performance of the lenders and discuss ways to increase credit-growth to propel the economy, sources said. The meeting will also review the progress of resolution of NPA cases under the IBC, sources added. It is expected to take a stock of the banking sector, and discuss ways to improve their financial-health.

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