Coronavirus stress evident in financial sector as stressed loans jump
On an aggregate basis, gross NPAs and restructured assets across banks and NBFCs increased to Rs 13.2 lakh crore in June 2021 from Rs 8.6 lakh crore in March 2020 due to an addition of Rs 3.7 lakh crore in loans due past 90 days and also Rs 2.4 lakh crore of restructured assets after adjusting for recoveries and write offs during the period.
Bank of Baroda ED SL Jain appointed as Indian Bank MD & CEOJain's cessation as the executive director of Bank of Baroda will be effective from September 1, 2021, the bank said in a regulatory filing.
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