Unending pain – The Hindu (Feb 13 2018)

Unending pain – The Hindu (Feb 13 2018)

If the financial performance of India’s largest lender is anything to go by, an end to the severe bad loans crisis may be much farther beyond the horizon than previously anticipated. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. horizon (noun) – range of experience, outlook, perspective/perception.
2. provision (noun) – an amount set aside (for a known liability).
3. account for (phrasal verb) – supply, provide, give (a specific amount).
4. mark-to-market (MTM) (noun) – the reasonable value of an account that can vary over a period depending on assets and liabilities. Mark-to-market provides a realistic estimate of a financial situation (Courtesy: The Economic Times).
5. non-performing assets (NPAs) (noun) – bad loans, toxic/ troubled assets;stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
6. provision for (noun) – (financial) preparations, plans, arrangements.
7. divergence (noun) – difference, variance; deviation.
8. classified assets (noun) – any loan that a bank doubts will be repaid.
9. push under the carpet (phrase) – cover up, hide, conceal/ignore (some problem or difficulty)
10. bluff (noun) – deception, pretence, sham/fraud.
11. tempting (adjective) – attractive, appealing, inviting.
12. bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
13. proceeds (noun) – profits, earnings/returns, income.
14. mammoth (adjective) – something which is huge, giant, colossal.
15. write-off (noun) – elimination of a bad debt from the account.
16. 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.
17. portfolio (noun) –  investments, shares, holdings; a range of products or services.
18. lay the blame for (phrase) – to blame (someone for something).
19. in the making (phrase) – budding, burgeoning, coming.
20. lax (adjective) – neglectful, inattentive, careless.
21. plague (verb) – afflict, torment, trouble.
22. 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.
23. revive (verb) – revitalize, restore/renew, strengthen.
24. credit growth (noun) – credit offtake; it refers to the growth/increase in the amount of credit that banks lend to the companies, individuals, etc.
25. fester (adjective) – septic, relating to a problem which is becoming worse or more intense due to long time negligence.
26. sore (noun) – source of distress/annoyance/pain.
27. undermine (verb) – weaken, compromise, diminish/reduce.

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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