Bad loan provisioning may swell by Rs 30,000 crore in Q3

State-run banks recorded a contraction of 15.6% in their provisions at the end of the September quarter. The Reserve Bank of India stipulates that once an account is referred to the National Company Law Tribunal (NCLT), a provision of 40% has to be made within the financial year.

from Markets-Economic Times https://ift.tt/36kM9eG