alexa
Indianmoney.com Missed Call Number
 
Home News RBI asks banks to closely monitor loans to telecom sector

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Business Loan Click Here
 
RBI asks banks to closely monitor loans to telecom sector

RBI asks banks to closely monitor loans to telecom sector

Tuesday, April 18, 2017, 10:58 PM

The RBI on Tuesday asked banks to make higher provisioning for loans to the telecom sector that is facing financial stress and closely monitor their exposure to avoid any adverse impact on businesses. The sector has a debt of about Rs 4.6 lakh crore even as it faces pressure on revenues and profitability in the wake of cut-throat competition following entry of Reliance Jio.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!