The Hindu Editorial (Banking on mergers) – Sep 19, 2018

Asking healthy banks to take over weak banks appears to be the strategy to handle the bad loans crisis. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Banking on mergers) – Sep 19, 2018.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (Banking on mergers) – Sep 19, 2018

1. bank on (phrasal verb) – rely on, depend on, count on.
2. take over (phrasal verb) – gain control of, take charge of, assume responsibility for.
3. bad loans (noun) – non-performing assets (NPAs), troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
4. amalgamated (adjective) – combined, merged, united/consolidated.
5. consolidate (verb) – strengthen, make secure, fortify.
6. with an eye to (phrase) – consider, take into account/consideration, have regard to.
7. shed (verb) – discard, get rid of, lose/abandon.
8. upper circuit (noun) – it means the maximum price limit at which share or stock price may increase beyond a specified threshold for a number of hours or for a day.
9. prompt corrective action (PCA) (noun) – a mechanism that is forced by the RBI upon Banks that show signs of stress on any of the standard stress parameters. Under the PCA, the RBI’s role is not just advisory in nature, but it can also push for changes in banks that the RBI may consider necessary to reduce the stress on the balance sheet of banks.
10. drag (noun) – hindrance, inconvenience, burden.
11. grip (verb) – afflict, affect, take over.
12. discount (verb) – ignore, overlook, dismiss.
13. lie in (phrasal verb) – be present, be contained, exist.
14. fallout (noun) – adverse results; repercussions, after-effects.
15. prudently (adverb) – wisely, sensibly, carefully.
16. synergy (noun) – collaboration, coordination, understanding.
17. exploit (verb) – take advantage of, make use of, utilize/capitalize on.
18. there is no denying (phrase) – it is undoubtedly true.
19. consolidation (noun) – strengthening, reinforcement, stabilization.
20. in principle (phrasal) – in general, on balance, all things considered.
21. ought to (modal verb) – must, should.
22. precarious (adjective) – uncertain/unsure, insecure, unreliable/risky.
23. send out (phrasal verb) – produce, create, give out.

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. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

Today’s word list-1 for The Hindu Editorial (Banking on mergers) – Sep 19, 2018:

“Phrasal Verbs” We Learnt Last Week

“Idioms & Phrases” We Learnt Last Week

“Important Definitions” We Learnt Last Week