By Sumi Khan
Dhaka, Aug 1 (IANS) A 48-year-old college professor and leader of the ruling Awami League party was hacked to death by some unidentified bike-borne miscreants at Tangail's Gopalpur area, the police said on Saturday.
The deceased identified as Aminul Islam Talukdar Nixon was an assistant professor in the Department of Social Science in the Lion Nazrul Islam Degree College.
According to Madhupur police station officer-in-charge (OC) Tarek Kamal, the incident took place on Friday night when Aminul was returning to his home in Dhanbari village after holding a meeting with other leaders of his party. As he reached near the bridge in Ajgora village, some armed miscreants allegedly attacked him with knives.
Soon after the incident, the locals admitted him to the Madhupur hospital, where he was declared brought dead.
Aminul was the General Secretary of the Hadia union unit of the ruling Awami League in Gopalpur.
Further probe is on, the police said.
(Sumi Khan can be contacted at email@example.com)
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.