The Hindu Editorial (Signs of a turnaround) – Jan 02, 2019

The fog of bad loans shrouding the banking sector appears to be lifting after a long period of sustained stress. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Signs of a turnaround) – Jan 02, 2019.

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Today’s word list-1 The Hindu Editorial (Signs of a turnaround) – Jan 02, 2019:

turnaround (noun) – an unexpected change.
regulatory (adjective) – organizational, governmental, executive.
vigil (noun) – close watch, monitoring, surveillance.
fog (noun) – a state of confusion.
shroud (verb) – cover, envelop, conceal/hide.
sustained (adjective) – continuous, uninterrupted, constant.
non-performing assets (NPAs) (noun) – bad loans, troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
advance (verb) – loan, credit.
macro-economic (adjective) – relating to the branch of economics concerned with large-scale factors (interest rates/national productivity).
baseline assumption (noun) – it shows what would happen to spending and revenues if current policies remained in place indefinitely. It serves as a benchmark for measuring the budget effects of proposed policy changes.
prognosticate (verb) – forecast, predict, foretell.
posit (verb) – put forward, advance, predicate.
disproportionately (adverb) – excessively, unduly, unnecessarily.
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.
appointee (noun) – one who is appointed to a job/position, representative, delegate, office holder.
contagion (noun) – the spreading of market changes from one place to others.
sovereign (adjective) – independent, self-governing, autonomous.
curb (noun) – restrain, restriction, limitation/stricture.
in the event of something (phrase) – if something happens.
solvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is able to pay its debts.
halve (verb) – reduce by half (50%).
bear the brunt (phrase) – to suffer or endure the worst part of something (force/burden/pressure) when a very bad or unpleasant thing happens.
mala fide (adjective) – Latin phrase meaning “with or in bad faith”; dishonest, llegal.
spotlight (verb) – highlight, underline, underscore/emphasize.
oversight (noun) – inspection, supervision, control.
conglomerate (noun) – corporation, group, consortium/merged companies.
in the wake of (phrase) – aftermath, as a result of, as a consequence of.
meltdown (noun) – collapse, complete failure, decline.
ripple (verb) – stir, sway, oscillate.
foreword (noun) – preface, introduction, opening statement.
prudence (noun) – cautiousness, carefulness; foresight/forethought.
insulate (verb) – protect, keep safe, safeguard.
fiasco (noun) – failure, mess/disaster, catastrophe.