WHAT IS HAIRCUT IN LOAN RECOVERY ? 1. In banking, haircut means the difference between the actual dues form a borrower, and the amount he settles with the bank. 2. When there is no hope of loan recovery, bank will write-off it as one time settlement. It is better to recover something rather than losing…
In Indian Express dt 24th April 2019, a news has been flashed as under: “Central Bank of India on Friday put up two non-performing assets (NPAs) worth Rs 251 crore for sale through the Swiss challenge method.” “The auction for Srinagar Banihal Expressway (Rs 200 crore) and Maa Mahamaya Industries (Rs 51 crore) are being…