Daily Archive: June 26, 2018

RBI says NPA situation likely to worsen further

Mumbai: Painting a gloomy picture of the banking sector, the RBI on Tuesday said gross nonperforming asset (NPA) ratio of banks is likely to rise from 11.6% in March 2018 to 12.2% by the end of the current fiscal.

In its Financial Stability Report (FSR), the RBI said stress in the banking sector continues as gross non-performing advances (GNPA) ratio rises further.

“Macro-stress tests indicate that under the baseline scenario of current macroeconomic outlook, SCBs’ (scheduled commercial banks) GNPA ratio may rise from 11.6% in March 2018 to 12.2% by March 2019,” it said.

Referring to the 11 state-owned banks under prompt corrective action framework (PCA), the RBI said they may experience worsening of their GNPA ratio from 21% in March 2018 to 22.3% by this fiscal-end.

Of the 11 banks, six are likely to experience capital shortfall relative to the required minimum CRAR (Risk-weighted Assets Ratio) of 9%.

The 11 banks under PCA framework or RBI watchlist of their high bad loans are – IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank.

The report further said profitability of all commercial banks declined, partly reflecting increased provisioning. However, it added that credit growth picked up during 2017-18 notwithstanding sluggish deposit growth.

This pill could end daily insulin jabs for diabetics

New York: Researchers, including one of Indian-origin, have developed a ‘holy grail’ of insulin in a pill that could help diabetics keep their blood sugar levels in check.

For up to 40 million people with Type-1 diabetes worldwide, a painful needle prick once or twice daily is necessary for delivering the insulin that their bodies cannot produce on their own, and failing to adhere to the regimen (due to pain, phobia of needles) can lead to poor glycemic control causing serious health complications.

The new approach carries insulin in an ionic liquid comprised of choline and geranic acid that is then put inside a capsule with an acid-resistant enteric coating.

“Once ingested, insulin must navigate a challenging obstacle course before it can be effectively absorbed into the bloodstream,” said Samir Mitragotri, Professor at the Harvard University.

“Our approach is like a Swiss Army knife, where one pill has tools for addressing each of the obstacles that are encountered,” he added.

The enteric coating is biocompatible, easy to manufacture, and can be stored for up to two months at room temperature without degrading

This polymer coating resists the breakdown by gastric acids in the gut as well as dissolves when it reaches a more alkaline environment in the small intestine, where the ionic liquid carrying insulin is released.

The choline-geranic acid formulation also was shown to be adept at penetrating two final barriers – the layer of mucus lining the intestine and the tight cell junctions of the intestine wall, through which large-molecule drugs such as insulin cannot easily pass.

The findings, published in the Proceedings of the National Academy of Sciences, also showed that the oral delivery of insulin could also mitigate many of the disease’s life-threatening side effects that result from patients failing to give themselves required injections.

“It has been the holy grail of drug delivery to develop ways to give protein and peptide drugs like insulin by mouth, instead of injection,” the researchers said.

Dailyhunt

Re-development of seven South Delhi colonies: NBCC paid Rs 14.19 crores for Netaji Nagar and Rs 8.35 crore for Nauroji Nagar to the Delhi Government towards security deposit for creation and maintenance of compensatory plantation for a period of seven years.

Re-development of seven South Delhi colonies: NBCC paid Rs 14.19 crores for Netaji Nagar and Rs 8.35 crore for Nauroji Nagar to the Delhi Government towards security deposit for creation and maintenance of compensatory plantation for a period of seven years.

Delhi Police created a green corridor from Indira Gandhi International Airport Terminal 3 to Fortis Escort Sukhdev Vihar to transport a live heart, earlier today.

Delhi Police created a green corridor from Indira Gandhi International Airport Terminal 3 to Fortis Escort Sukhdev Vihar to transport a live heart, earlier today. A total distance of 23 kms was covered in 23 minutes. The convoy consisted of 2 ambulances & a private vehicle