(Saroj Khan won her third National Award as choreographer for the song "Yeh ishq haye" in Imtiaz Alis 2007 film, "Jab We Met", which was picturised on Kareena Kapoor. Ali recalls how Khans choreographing the song happened by sheer coincidence, and also how they would collaborate again in his 2009 film "Love Aaj Kal")
BY IMTIAZ ALI
Mumbai, July 3 (IANS) Getting Saroj Khan to choreograph "Yeh ishq haye" for "Jab We Met" was purely coincidental. We were already shooting in Manali. We were speaking to choreographers in Mumbai to come and join the unit, and then it just happened that she was there in Manali. She was shooting for another film.
I thought it would be the best thing in the world if she agreed to do my film. So I met her at the hotel. Her work was over for the other film. There were seven to 10 days in between, so I asked her if she could stay back for those seven or 10 days. She agreed, and then she shot our song. In those seven to 10 days, she worked relentlessly. We had around 70 dancers from different places in Himachal Pradesh. She would rehearse continuously with them.
She was really a pleasure to work with. After the shooting of the song was over, I requested her if she could dance to the whole song -- the parts that Kareena (Kapoor) had done in the song. She danced for all of us -- there were 200 to 300 people, and she danced for all of us! That was the most thrilling thing I will remember about her.
As for her working style, she was very clear about the procedure. She never seemed to be in a rush, she was very calm. I remember her words, she said, 'You can reject my ideas as many times as you want. Iss dukan mein saman bohot hai (there are lots of products in this shop), so if you don't like something, fikar matt karna (don't worry), I'll do something else'. She was very simple, easy and methodical to work with. I really liked her.
Directors and choreographers are usually at loggerheads because of the different ways they want to shoot a song, but she was very easy. I thoroughly enjoyed her company.
After winning the National Award, she called me. She behaved like a teenager – she giggled away! She said 'I've got a National Award' with so much excitement.
We worked together again in "Love Aaj Kal". There was one Indian song, a Saroj Khan type of song. Working with her for the second time, the comfort level was the same because, for a professional, the comfort zone always remains the same. It was very nice to have her on set because she knew what a director's problems would be. She had a good sense of humour. We used to call her Masterji. We had regard and warmth for each other.
I would have loved to another film with her, but it never happened.
I might have connected with her in the passing. But I remember her more for the experience of working with her, and that phone call she made after winning the award.
Her dance, the way she danced, was so beautiful. That is how I will remember her.
(As told to Natalia Ningthoujam)
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.