Question
Private sector lendors have been found guilty of
_________________ ? Read the following passage carefully and answer the questions given below them. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions. If the financial performance of India’s largest lender is anything to go by, an end to the severe bad loans crisis may be much farther beyond the horizon than previously anticipated. For the first time in almost 19 years, the State Bank of India reported a quarterly loss of ₹2,416 crore for the three months ended December, compared with a net profit of ₹2,610 crore in the year-earlier period. While the figures are not strictly comparable after SBI completed merger with its associates, the loss was the result of both a massive increase in provisions to account for bad loans and a substantial amount of mark-to-market losses on its holding of government bonds. Provisions for non-performing assets (NPAs) more than doubled to about ₹17,760 crore, from about ₹7,200 crore in the third quarter of 2016-17. On treasury operations, SBI recorded a loss of about ₹3,255 crore, versus a profit of about ₹4,776 crore in the comparable period. The bank revealed that an audit by the Reserve Bank of India showed a divergence of ₹23,239 crore in the way it classified assets at the end of the last financial year, which led to increase in provisions in the last quarter. Most of these reclassified assets are linked to troubled projects in sectors including power and telecom. SBI, of course, is not the only lender to have had its assets forcibly reclassified by the RBI. Private sector lenders have also been found guilty of pushing troubled assets under the carpet until the RBI called their bluff .Solution
Private sector lenders have been found guilty of pushing troubled assets under the carpet until the RBI called their bluff.
A sum is invested at 12% p.a at simple interest for 5 years. The obtained amount is invested for 2 years at 20% compounded annually. The interest obtain...
The interest received on investing Rs. (2p + 400) on simple interest at 15% p.a. for 4 years is Rs. (p + 540). Find the ratio (p + 100) :(p + 500).
Rs. 10000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 25 less than the i...
A man invested certain sum at 5% p.a. simple interest for his son who was 10 years old. If the amount received by the son when he was 30 years old is Rs...
- Meena invests Rs. x in a fund that gives 18% simple interest per year. After 4 years, she earns interest of Rs. ‘1.4x – 800’. What is the value of x?
Anita and Rohan each invested a sum of ₹12,000 for 2.5 years at 20% compound interest per annum. However, while for Anita the interest was compounded ...
Rs.7800 is divided into two parts such that if one part be invested at 3% and the other at 5%, the annual interest from both the investments is Rs. 320....
If the compound interest on a certain sum of money for two years at 9% p.a. is ₹3,762, then the sum is:
A man deposited Rs. ‘x + 700’ at 12% per annum simple interest and earned Rs. 624 as interest after 2 years. Find the interest earned by him if he d...
Ashish invests an amount of Rs. 'A' into two different SIPs, named 'P' and 'Q', for durations of 3 years and 2 years respectively. The first SIP 'P' yie...
