Guwahati, Aug 1 (IANS) With three more deaths, Assam's Covid-19 casualties surpassed the 100-mark on Saturday while the number of positive cases climbed to 41,726, Health Minister Himanta Biswa Sarma said.
Sarma said that with three new deaths on Saturday -- two in Silchar and one in Golaghat -- the death toll in the state rose to 101.
"In all, 1,457 new Covid-19 cases were detected out of 27,161 tests conducted in the last 24 hours. Our positivity rate continues to be low at 5.36 per cent," he said in a tweet on Saturday.
Of the total of 41,726 positive cases, 31,442 patients have recovered while 10,180 are active cases as on Saturday night.
The minister said that daily testing in Guwahati has increased from 2,112 on July 1 to 6,240 on July 31. On July 4, Guwahati had reported 777 positive cases, which came down to 281 on July 31, marking an improvement in the economic hub of northeast India.
Of the total of 41,726 positive cases across Assam, the Kamrup (Metro) district, headquarters of which is Guwahati, has registered around 15,000 cases with 40 deaths.
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.