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Srei reports consolidated PAT of Rs 88.75 crore in FY20

Srei reports consolidated PAT of Rs 88.75 crore in FY20

Kolkata/IBNS: Srei Infrastructure Finance Limited has reported a consolidated profit after tax (PAT) of Rs 88.75 crore during the financial year ended March 31, 2020 as compared to Rs 486.78 crore in the previous year.

Rs. 8 Lakh crore NPAs likely to undergo bankruptcy proceedings by March 2019: ASSOCHAM

Rs. 8 Lakh crore NPAs likely to undergo bankruptcy proceedings by March 2019: ASSOCHAM

New Delhi, June 17 (IBNS): Emboldened by the Banking Regulation (Amendment) Ordinance, RBI is expected to put bad loans worth about Rs 8 lakh crore for resolution by March 2019, a move that could bring down the non-performing assets (NPAs) to acceptable level and significantly improve the financial health of banks as well, a study done by ASSOCHAM said.