Tag: NPA
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Ministry Won’t Advice PSUs to Buy Stressed Steel Firms
The steel ministry is unlikely to advice steel PSUs – SAIL and RINL – to take over stressed companies such as Essar Steel, Bhushan Steel, Bhushan Power and Steel and Power and Monnet Ispat, which together form a large part of gross NPA in the banking system. Sources, however, said that the steel ministry would…