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BIG NEGATIVE ALERT FOR BANKNIFTY: last week officiating FM Piyush Goyal told media that 2.5 lakh crore worth NPAs from power sector will be added to banks come september. with indian banks total bad debts crossing 10 lakh crore as of 31st march 2018, today the biggest banking union AIBOC which represents 3 lakh supervisory staff and officers in public-sector banks, said the february 12 RBI mandated provision of bad debts will cause a loss of Rs 1 lakh crore, threatening the viability of banks and consequently the livelihood of its members. AIBOC today filed a petition in delhi high court against this RBI february 12 order.

12.21 AM Jun 15th
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