Chapter:
comphrensive-passage-99
1. Comphrensive Passage :
Directions: Read the passage and answer the questions that follow:
If the financial performance of India’s largest lender is anything to go by, an end to the severe bad loans crisis may be much farther beyond the horizon than previously anticipated. For the first time in almost 19 years, the State Bank of India reported a quarterly loss of Rs 2,416 crore for the three months ended December, compared with a net profit of Rs 2,610 crore in the year-earlier period. While the figures are not strictly comparable after SBI completed merger with its associates, the loss was the result of both a massive increase in provisions to account for bad loans and a substantial amount of mark-to-market losses on its holding of government bonds. Provisions for non-performing assets (NPAs) more than doubled to about Rs 17,760 crore, from about Rs 7,200 crore in the third quarter of 2016-17. On treasury operations, SBI recorded a loss of about Rs 3,255 crore, versus a profit of about Rs 4,776 crore in the comparable period. The bank revealed that an audit by the Reserve Bank of India showed a divergence of Rs 23,239 crore in the way it classified assets at the end of the last financial year, which led to increase in provisions in the last quarter. Most of these reclassified assets are linked to troubled projects in sectors including power and telecom. SBI, of course, is not the only lender to have had its assets forcibly reclassified by the RBI. Private sector lenders have also been found guilty of pushing troubled assets under the carpet until the RBI called their bluff.
According to a joint study by Assocham and Crisil, gross NPAs in the banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore a year earlier. In that case, write-offs recognising losses may be the most honest and practical way to deal with the bad loans problem. So the RBI in the coming months should continue to push banks, both public and private, to promptly recognise the stressed loans on their portfolios. Incidentally, Prime Minister Narendra Modi last week laid the blame for bad loans on the previous government. While it is quite true that the present bad loans crisis has been a long time in the making, the problem of lax corporate governance, which has plagued public sector banks and contributed in no small measure to the present crisis, still remains largely unaddressed by the government. Even the latest plan to recapitalise public sector banks may achieve little more than giving some temporary relief to lenders for the sake of reviving credit growth. The bad loans problem is likely to remain a festering sore and risks undermining the health of the economy until meaningful structural reforms to the banking system are undertaken.
If the financial performance of India’s largest lender is anything to go by, an end to the severe bad loans crisis may be much farther beyond the horizon than previously anticipated. For the first time in almost 19 years, the State Bank of India reported a quarterly loss of Rs 2,416 crore for the three months ended December, compared with a net profit of Rs 2,610 crore in the year-earlier period. While the figures are not strictly comparable after SBI completed merger with its associates, the loss was the result of both a massive increase in provisions to account for bad loans and a substantial amount of mark-to-market losses on its holding of government bonds. Provisions for non-performing assets (NPAs) more than doubled to about Rs 17,760 crore, from about Rs 7,200 crore in the third quarter of 2016-17. On treasury operations, SBI recorded a loss of about Rs 3,255 crore, versus a profit of about Rs 4,776 crore in the comparable period. The bank revealed that an audit by the Reserve Bank of India showed a divergence of Rs 23,239 crore in the way it classified assets at the end of the last financial year, which led to increase in provisions in the last quarter. Most of these reclassified assets are linked to troubled projects in sectors including power and telecom. SBI, of course, is not the only lender to have had its assets forcibly reclassified by the RBI. Private sector lenders have also been found guilty of pushing troubled assets under the carpet until the RBI called their bluff.
According to a joint study by Assocham and Crisil, gross NPAs in the banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore a year earlier. In that case, write-offs recognising losses may be the most honest and practical way to deal with the bad loans problem. So the RBI in the coming months should continue to push banks, both public and private, to promptly recognise the stressed loans on their portfolios. Incidentally, Prime Minister Narendra Modi last week laid the blame for bad loans on the previous government. While it is quite true that the present bad loans crisis has been a long time in the making, the problem of lax corporate governance, which has plagued public sector banks and contributed in no small measure to the present crisis, still remains largely unaddressed by the government. Even the latest plan to recapitalise public sector banks may achieve little more than giving some temporary relief to lenders for the sake of reviving credit growth. The bad loans problem is likely to remain a festering sore and risks undermining the health of the economy until meaningful structural reforms to the banking system are undertaken.
2. As per passage, what can be some possible steps taken to rectify situation of bad loans meaningfully?
I. Banks should honestly recognize stressed loans in ir respective portfolios.
II. Address corporate governance issues plaguing banking sector.
III. Earmark more money for bank recapitalization.
As per passage, what can be some possible steps taken to rectify situation of bad loans meaningfully?
I. Banks should honestly recognize stressed loans in ir respective portfolios.
II. Address corporate governance issues plaguing banking sector.
III. Earmark more money for bank recapitalization.
I. Banks should honestly recognize stressed loans in ir respective portfolios.
II. Address corporate governance issues plaguing banking sector.
III. Earmark more money for bank recapitalization.
3. What were reasons for SBI suffering such huge losses in previous quarter?
I. Increase in provisioning as part of accounting for bad loans.
II. Mark to market losses on government bonds
III. Mark to market losses on corporate debt securities.
What were reasons for SBI suffering such huge losses in previous quarter?
I. Increase in provisioning as part of accounting for bad loans.
II. Mark to market losses on government bonds
III. Mark to market losses on corporate debt securities.
I. Increase in provisioning as part of accounting for bad loans.
II. Mark to market losses on government bonds
III. Mark to market losses on corporate debt securities.
4. Why is it said that an end to severe bad loans crisis may be much farr beyond horizon than previously anticipated?
Why is it said that an end to severe bad loans crisis may be much farr beyond horizon than previously anticipated?
5. Which of following is/are true as per passage?
I. According to a joint study by Assocham and Crisil, gross NPAs in banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore in 2017.
II. SBI is only lender to have had its assets forcibly reclassified by RBI.
III. In terms of provisioning, SBI recorded a loss of about Rs 3,255 crore in 2018, versus a profit of about Rs 4,776 crore in comparable period.
Which of following is/are true as per passage?
I. According to a joint study by Assocham and Crisil, gross NPAs in banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore in 2017.
II. SBI is only lender to have had its assets forcibly reclassified by RBI.
III. In terms of provisioning, SBI recorded a loss of about Rs 3,255 crore in 2018, versus a profit of about Rs 4,776 crore in comparable period.
I. According to a joint study by Assocham and Crisil, gross NPAs in banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore in 2017.
II. SBI is only lender to have had its assets forcibly reclassified by RBI.
III. In terms of provisioning, SBI recorded a loss of about Rs 3,255 crore in 2018, versus a profit of about Rs 4,776 crore in comparable period.
6. What was most important reason for such a huge increase in provisioning by SBI for last quarter?
What was most important reason for such a huge increase in provisioning by SBI for last quarter?
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Comphrensive Passage 1
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Comphrensive Passage 2
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Comphrensive Passage 3
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Comphrensive Passage 4
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Comphrensive Passage 5
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Comphrensive Passage 6
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Comphrensive Passage 7
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Comphrensive Passage 8
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Comphrensive Passage 9
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Comphrensive Passage 10
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Comphrensive Passage 11
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Comphrensive Passage 12
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Comphrensive Passage 13
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Comphrensive Passage 14
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Comphrensive Passage 15
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Comphrensive Passage 16
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Comphrensive Passage 17
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Comphrensive Passage 18
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Comphrensive Passage 19
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Comphrensive Passage 20
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Comphrensive Passage 21
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Comphrensive Passage 22
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Comphrensive Passage 23
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Comphrensive Passage 24
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Comphrensive Passage 25
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Comphrensive Passage 26
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Comphrensive Passage 27
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Comphrensive Passage 28
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Comphrensive Passage 29
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Comphrensive Passage 30
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Comphrensive Passage 31
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Comphrensive Passage 32
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Comphrensive Passage 33
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Comphrensive Passage 34
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Comphrensive Passage 35
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Comphrensive Passage 36
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Comphrensive Passage 37
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Comphrensive Passage 38
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Comphrensive Passage 39
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Comphrensive Passage 40
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Comphrensive Passage 41
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Comphrensive Passage 42
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Comphrensive Passage 43
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Comphrensive Passage 44
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Comphrensive Passage 45
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Comphrensive Passage 46
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Comphrensive Passage 47
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Comphrensive Passage 48
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Comphrensive Passage 49
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Comphrensive Passage 50
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Comphrensive Passage 51
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Comphrensive Passage 52
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Comphrensive Passage 53
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Comphrensive Passage 54
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Comphrensive Passage 55
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Comphrensive Passage 56
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Comphrensive Passage 57
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Comphrensive Passage 58
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Comphrensive Passage 59
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Comphrensive Passage 60
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Comphrensive Passage 61
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Comphrensive Passage 62
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Comphrensive Passage 63
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Comphrensive Passage 64
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Comphrensive Passage 65
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Comphrensive Passage 66
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Comphrensive Passage 67
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Comphrensive Passage 68
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Comphrensive Passage 69
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Comphrensive Passage 70
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Comphrensive Passage 71
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Comphrensive Passage 72
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Comphrensive Passage 73
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Comphrensive Passage 74
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Comphrensive Passage 75
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Comphrensive Passage 76
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Comphrensive Passage 77
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Comphrensive Passage 78
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Comphrensive Passage 79
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Comphrensive Passage 80
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Comphrensive Passage 81
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Comphrensive Passage 82
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Comphrensive Passage 83
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Comphrensive Passage 84
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Comphrensive Passage 85
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Comphrensive Passage 86
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Comphrensive Passage 87
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Comphrensive Passage 88
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Comphrensive Passage 89
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Comphrensive Passage 90
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Comphrensive Passage 91
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Comphrensive Passage 92
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Comphrensive Passage 93
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Comphrensive Passage 94
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Comphrensive Passage 95
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Comphrensive Passage 96
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Comphrensive Passage 97
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Comphrensive Passage 98
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Comphrensive Passage 99
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Comphrensive Passage 100
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Comphrensive Passage 101
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Comphrensive Passage 102
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Comphrensive Passage 103
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Comphrensive Passage 104
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Comphrensive Passage 105
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Comphrensive Passage 106
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Comphrensive Passage 107
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Comphrensive Passage 108
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Comphrensive Passage 109
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Comphrensive Passage 110
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Comphrensive Passage 111
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Comphrensive Passage 112
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Comphrensive Passage 113
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Comphrensive Passage 114
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Comphrensive Passage 115
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Comphrensive Passage 116
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Comphrensive Passage 117
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Comphrensive Passage 118
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Comphrensive Passage 119
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Comphrensive Passage 120
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Comphrensive Passage 121
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Comphrensive Passage 122
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Comphrensive Passage 123
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Comphrensive Passage 124
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Comphrensive Passage 125
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Comphrensive Passage 126
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Comphrensive Passage 127
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Comphrensive Passage 128
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Comphrensive Passage 129
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Comphrensive Passage 130
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Comphrensive Passage 131
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Comphrensive Passage 132
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Comphrensive Passage 133
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Comphrensive Passage 134
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Comphrensive Passage 135
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Comphrensive Passage 136
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Comphrensive Passage 137
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Comphrensive Passage 138
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Comphrensive Passage 139
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Comphrensive Passage 140
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Comphrensive Passage 141
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Comphrensive Passage 142
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Comphrensive Passage 143
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Comphrensive Passage 144
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Comphrensive Passage 145
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Comphrensive Passage 146
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Comphrensive Passage 147
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Comphrensive Passage 148
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Comphrensive Passage 149
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Comphrensive Passage 150
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Comphrensive Passage 151
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Comphrensive Passage 152
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Comphrensive Passage 153
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Comphrensive Passage 154
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Comphrensive Passage 155
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Comphrensive Passage 156
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Comphrensive Passage 157
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Comphrensive Passage 158
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Comphrensive Passage 159
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Comphrensive Passage 160
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Comphrensive Passage 161
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Comphrensive Passage 162
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Comphrensive Passage 163
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Comphrensive Passage 164
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Comphrensive Passage 165
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Comphrensive Passage 166
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Comphrensive Passage 167
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Comphrensive Passage 168
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Comphrensive Passage 169
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Comphrensive Passage 170
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Comphrensive Passage 171
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Comphrensive Passage 172
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Comphrensive Passage 173
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Comphrensive Passage 174
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Comphrensive Passage 175
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Topics
This Chapter comphrensive-passage-99 consists of the following topics
Comphrensive Passage
Comphrensive Passage mcqs
Comphrensive Passage loksewa
Comphrensive Passage officer
Comphrensive Passage ielts
Comphrensive Passage :
As per passage, what can be some possible steps taken to rectify situation of bad loans meaningfully?
I. Banks should honestly recognize stressed loans in ir respective portfolios.
II. Address corporate governance issues plaguing banking sector.
III. Earmark more money for bank recapitalization.
As per passage, what can be some possible steps taken to rectify situation of bad loans meaningfully?
I. Banks should honestly recognize stressed loans in ir respective portfolios.
II. Address corporate governance issues plaguing banking sector.
III. Earmark more money for bank recapitalization.
I. Banks should honestly recognize stressed loans in ir respective portfolios.
II. Address corporate governance issues plaguing banking sector.
III. Earmark more money for bank recapitalization.
What were reasons for SBI suffering such huge losses in previous quarter?
I. Increase in provisioning as part of accounting for bad loans.
II. Mark to market losses on government bonds
III. Mark to market losses on corporate debt securities.
What were reasons for SBI suffering such huge losses in previous quarter?
I. Increase in provisioning as part of accounting for bad loans.
II. Mark to market losses on government bonds
III. Mark to market losses on corporate debt securities.
I. Increase in provisioning as part of accounting for bad loans.
II. Mark to market losses on government bonds
III. Mark to market losses on corporate debt securities.
Why is it said that an end to severe bad loans crisis may be much farr beyond horizon than previously anticipated?
Why is it said that an end to severe bad loans crisis may be much farr beyond horizon than previously anticipated?
Which of following is/are true as per passage?
I. According to a joint study by Assocham and Crisil, gross NPAs in banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore in 2017.
II. SBI is only lender to have had its assets forcibly reclassified by RBI.
III. In terms of provisioning, SBI recorded a loss of about Rs 3,255 crore in 2018, versus a profit of about Rs 4,776 crore in comparable period.
Which of following is/are true as per passage?
I. According to a joint study by Assocham and Crisil, gross NPAs in banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore in 2017.
II. SBI is only lender to have had its assets forcibly reclassified by RBI.
III. In terms of provisioning, SBI recorded a loss of about Rs 3,255 crore in 2018, versus a profit of about Rs 4,776 crore in comparable period.
I. According to a joint study by Assocham and Crisil, gross NPAs in banking system are estimated to increase to Rs 9.5 lakh crore by March 2018, from Rs 8 lakh crore in 2017.
II. SBI is only lender to have had its assets forcibly reclassified by RBI.
III. In terms of provisioning, SBI recorded a loss of about Rs 3,255 crore in 2018, versus a profit of about Rs 4,776 crore in comparable period.
What was most important reason for such a huge increase in provisioning by SBI for last quarter?
What was most important reason for such a huge increase in provisioning by SBI for last quarter?
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