Banking on good faith – The Hindu (Jan 29, 2018)

Banking on good faith – The Hindu (Jan 29, 2018)

About ₹1 lakh crore is expected to be pumped into India’s 21 public sector banks by March, which the Centre hopes will enable them to extend fresh credit lines worth over ₹5 lakh crore to spur economic activity. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-2 (To Improve English Vocabulary)

1. bank on (phrasal verb) – rely on, depend on; anticipate.
2. recapitalise (verb) – substantial change in a company’s capital structure by providing more capital, especially by replacing debt with stock. recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
3. pump into (phrasal verb) – invest a large sum of money in something.
4. spur (verb) – motivate, prompt, stimulate.
5. ambitious (adjective) – challenging, demanding, formidable.
6. ailing (adjective) – failing, in poor condition, weak/poor.
7. tap (verb) – draw on, exploit, make use of/use/utilize (a resource).
8. leave aside (phrasal verb) – neglect, ignore, snub/brush off.
9. conserve (verb) – preserve, protect, maintain/safeguard (resource).
10. a new lease of life (phrase) – an improved and energetic life after making something better than before.
11. regime (noun) – system, arrangement, scheme.
12. cushion (verb) – protect, shield, shelter.
13. haircut (noun) – a reduction in the mentioned value of an asset.
14. stressed loans (noun) – bad loans, non-performing assets (NPAs), stressed assets; an account where principal and/or interest remains overdue for a period of time.
15. insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
16. an article of faith (phrase) – principle, belief, rule.
17. assertion (noun) – declaration, contention, statement.
18. allay (verb) – reduce, decrease, lessen.
19. thumbs up (phrase) – approval, approbation, endorsement.
20. niche (adjective) – relating to the market (with products, services, or interests) which provides specific products, services, etc. to a particular group of people.
21. capital inflow (noun) – a steady movement of capital (amount) into a place, economy, activity etc.
22. anvil (noun) – model, pattern, form (in the process).
23. consolidation (noun) – the process of strengthening something by combing a number of things into a single more effective one.
24. glaring (adjective) – obvious, flagrant, blatant/inescapable.
25. offload (verb) – unload/empty out; get rid of, transfer.

Note:   

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

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