The state bank owns 38.26% in ASREC. It wants to bring the ring to 30% by the end of this tax, Kumar said, even because it has been an extension of the deadline to make the importance of less than 30% by a year to March 2026.
The total value of the company is RS 37.5 Crore.
Bankright prohibits a bank to keep more than 30% share in a non-subsidiary company, to prevent over-concentration of risk outside its core activity, is to borrow.
Bank of India and Union Bank of India each have 26% in ASREC, while Life Insurance Corporation of India has 9.18%.
ASREC Like any other assets-reconstruction company, non-performance assets from banks and financial institutions buy prices agreed against each other for the resolution of the bad loans. It was included in October 2004 to carry out activities under the securitization and reconstruction of financial assets and enforcement of the protection of the bank of the bank of the bank of the bank of the bank of the bank, “Kumar has the size of the bank of the bank of the bank that has indicated the bank’s size,” Kumar’s sofa has the bank’s size. sector as a whole.
The average gross NPA for the sector was 2.3% of the gross advances of RS 181.3 Lakh Crore at the end of June. This translates in RS 4.2 Lakh Crore from NPAs, even when the average ratio fell from 2.8% during the year.
For Indian Bank, the gross NPA ratio fell back to 3.01% at the end of June quarter of 3.77% per year. The net NPA fell to 0.18% of 0.39%. Slippage ratio fell to 0.94% of 1.5% in the same period.
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