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Tuesday, November 19, 2019

Banks brace for DHFL, telecom woes

With some respite after the curtains were drawn on the Essar Steel case, banks are still not breathing easy. Troubled Airtel and Vodafone-Idea posted record losses after the AGR ruling, which might keep profits of banks under check. RBI data show that banks have a Rs 1.15 lakh crore exposure to telecommunications as of Sept 2019, up 25% from a year ago.

from Banking/Finance-Industry-Economic Times https://ift.tt/2r73SX6

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