Stop lending to defaulting promoters, FinMin tells banks

Nov 25, 2013, 04.16 PM IST

A bad promoter according to the FinMin is any promoter who has willfully defaulted at any project. The ministry has asked all PSU banks to stop lending to such promoters even if it is for another project, subsidiary or any other group company.

Like this story, share it with millions of investors on M3

Like this story, share it with millions of investors on M3

Stop lending to defaulting promoters, FinMin tells banks

Comments (1) . Share . Email . Print . A+A-

In a move to combat non-performing assets (NPAs) of close to 5 percent, the Finance Ministry has asked public sector banks to delineate good and bad promoters.

Also read: No kitchen sinking; SME sector still under duress: SBI boss

Private sector banks have also agreed to cooperate with public sector banks on this and share data. The finance ministry hopes that with this it will help lower NPAs. Sources in the finance ministry have said that this action has already been taken which has enabled them to get back the money that was due on various projects.

Anda sedang membaca artikel tentang

Stop lending to defaulting promoters, FinMin tells banks

Dengan url

http://untukkesehatanda.blogspot.com/2013/11/stop-lending-to-defaulting-promoters.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Stop lending to defaulting promoters, FinMin tells banks

namun jangan lupa untuk meletakkan link

Stop lending to defaulting promoters, FinMin tells banks

sebagai sumbernya

Untuk Kesehatan