arihant competition in focus monthly magazine
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Crisil report released in July 2017 points out that the banks may have to take
haircuts to the tune of Rs 240000 crorc or 60 per cent in case of resolution of
50 large stressed accounts. These companies represent very significant sectors
of the economy. The companies are from metals sector which accounts for 30 per
cent of the total debt construction sector (25 per cent) and power (15 per
cent). Also these sectors account for almost half of the total NPAs in the
economy as on March 31 2017."Banks may have to take a haircut of 60 per
cent worth Rs 2.4 lakh crore to settle 50 large stressed assets with debt of Rs
4 lakh crore" the rating agency said. arihant competition in focus monthly magazine
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