banking and finance

‘We can tide over crisis of non-performing assets,’ RBI governor tells parliamentary panel: Reports

Urjit Patel appeared before the parliamentary committee on finance on Tuesday to answer a range of questions on problems in the Indian banking sector.

Reserve Bank of India Governor Urjit Patel appeared before the parliamentary committee on finance on Tuesday to answer a range of questions on problems in the banking sector, ANI reported.

The governor assured the panel that steps were being taken to tide over the crisis regarding non-performing assets, PTI reported, citing sources present at the meeting. “We are confident that we will be able to tide over the crisis,” a source quoted Patel as saying. The governor reportedly added that the situation has been improving since the implementation of the Insolvency and Bankruptcy Code.

The panel also asked Patel questions about the bad loans crisis and the alleged Rs 13,000-crore fraud at Punjab National Bank. He also faced questions about the cash crunch in ATMs that several states faced in March and April.

“It’s been a long time and the RBI has still to come out with amount of the cash returned into system post-demonetisation,” Trinamool Congress MP and member of the panel Dinesh Trivedi told PTI on Monday. “And the Governor must share these details with the panel and I hope he will do it tomorrow.”

Congress leader Veerappa Moily heads the panel. Patel had not appeared before it the last time it summoned him on May 17.

Patel last appeared before it on April 10, when he was reportedly questioned on loan restructuring programmes and resolution of defaults under the Insolvency and Bankruptcy Code.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

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Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

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Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

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This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.