Bankers have expressed serious concern regarding the ramifications of the Supreme Court's order cancelling allocation of coal blocks. Speaking to reporters in Mumbai yesterday, the Chief of the Indian Banks Association, M V Tanksale said the banking industry is concerned if the order results in the non- availability of coal for performing assets. He added that IBA may seek"regulatory forbearance" if the ruling impacts asset performance. Tanksale pointed out that names of reputed conglomerates like Tatas, Jindals, Birlas are among those affected and therefore it is not necessary that assets may go for restructuring or turn NPA as the industrial groups will try to protect reputations and credit records.
News On AIR | September 27, 2014 8:26 AM