Mumbai, July 3 (IANS) Aishwarya Rai Bachchan on Friday evening mourned the death of veteran choreographer Saroj Khan on social media.
"ALL my Love Always too, Saroj ji. May your Soul Rest in Peace. Much respected, admired and adored as our Dance Guru in our Film Industry...truly a Legend...Such a privilege to have had so many memorable experiences dancing under your guidance...THANK YOU for All your Duas and Blessings always... and so much LOVE You will truly be missed. Prayers and much Strength to all your family," the actress posted on Instagram.
The actress shared a still from the set of her 1999 film "Taal" where Saroj Khan can be seen choreographing a dance move for Aishwarya.
Saroj Khan has choreographed Aishwarya Rai Bachchan for iconic dance numbers like "Nimbooda" ("Hum Dil De Chuke Sanam"), "Dola re dola" ("Devdas"), "Ramta jogi" ("Taal"), "Barso re" ("Guru") among others.
Earlier in the day, Abhishek Bachchan posted on Instagram Story, remembering the legendary choreographer.
"The first song I ever performed to in films was under her tutelage and choreography. She taught me so much. Will miss you Saroj ji. RIP," the actor shared.
Three-time National Award-winning choreographer Saroj Khan passed away due to cardiac arrest in Mumbai early on Friday. She was 71.
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.