The Garhwal region collectively has deposits worth Rs 2,100 crore and advances worth Rs 1,000 crore.
Need to conserve profits to strengthen the capital base is driving the effort.
L&T Finance CEO interview.
It might prompt RBI to revise growth projection; an extra Rs 4 lakh crore (Rs 4 trillion) issue needed in two months for meeting target.
Amid a rise in non-performing assets, most public sector banks have seen a substantial drop in their provision coverage ratio in the year since the reserve Bank of India (RBI) withdrew the 70 per cent provision coverage ratio norm.
With rise in NPAs, want more corporate loans to go for the arrangement.
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