Mumbai, July 3 (IANS) Bollywood diva Madhuri Dixit has mourned the loss of veteran choreographer Saroj Khan saying she has lost a "friend and guru".
"I'm devastated by the loss of my friend and guru, Saroj Khan. Will always be grateful for her work in helping me reach my full potential in dance. The world has lost an amazingly talented person. I will miss you. My sincere condolences to the family. #RIPSarojji," Madhuri Dixit tweeted on Friday.
Khan passed away at around 1.30am on Friday after a cardiac arrest. She was 71.
Madhuri's rise in the late eighties and her superstardom of the nineties and beyond is defined by several hit dances that were choreographed by Saroj Khan.
The actress shot to fame as the one of the industry's most versatile dancing stars ever with "Ek do teen" in the 1988 superhit "Tezaab".
Her dance number "Dhak dhak karne laga" in the 1992 superhit "Beta", also choreographed by Khan, became such a rage that it earned Madhuri the sobriquet of Bollywood's Dhak Dhak Girl.
Khan choreographed Madhuri in several superhit dance numbers including "Choli ke peeche kya hai" ("Khalnayak") and "Tamma tamma loge" ("Thanedaar").
The song "Dola re dola" in the 2002 release "Devdas", filmed on Madhuri and Aishwarya Rai, won Saroj Khan the first of her three National Award for choreography.
Coincidentally, Khan's last major assignment also happened to be with Madhuri, when last year she choreographed the actress's moves for the song "Tabah ho gaye" in the film, "Kalank".
Khan passed away in the early hours of Friday. She was diabetic and had complained of breathing problem last month, following which she was admitted to Mumbai's Guru Nanak Hospital. Over the past few weeks, she had been experiencing multiple health issues, though she had tested negative for Covid-19, family sources said.
New Delhi, Aug 8 (IANS) Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said.
To discourage rampant and unviable restructuring, the RBI has now mandated that banks will be required to make high provisions at 10 per cent on restructured retail/corporate loans (20 per cent on corp loans for banks outside inter-creditor agreement).
According to analysts, higher provisioning cost would deter unwarranted restructuring. But, this would put pressure on the PSBs to accelerate the pace of increasing their provisioning buffer or disallow restructuring, even in genuine case of stress due to the Covid-19 pandemic.
"Assuming Covid-19-induced stressed loans at 10-15 per cent and at least 50 per cent restructured in the worst case, our rough calculations show systemic level immediate additional provisioning cost at 10 per cent could be 50-75 bps," Emkay Global Financial Services said in a report.
This would mean certain banks would fare better while restructuring loans under stress owing to the pandemic. While ICICI/Axis carry contingent provisions of 125-130 bps, HDFCB/KMB/IIB/RBL have around 60 bps. But large PSBs have contingent provisions of just 10-15 bps.
"Thus, we believe that some banks may have to further accelerate their provisioning buffer, factoring in the incremental provisioning requirement on restructured loans and potential NPAs," Emkay said in its report.
The provision required for restructured loans, however, provides for reversal of 50 per cent of provisioning on retail loans in case the borrower pays 20 per cent residual debt, and the balance 50 per cent on payment of another 10 per cent without slipping into NPA.