"As far as REC is concerned, the stressed assets are lowest in the industry at 2 per cent. We manage stressed assets as per regulations," Gupta told BTVi here in an interview.
"Our approach towards non-performing assets (NPAs) is different. We are looking at resolving the NPAs," he said.
REC reported a 28.07 per cent increase in its net profit to Rs 1,754.40 crore in the third quarter ending on December 31, 2016.
The company's total income from operations decreased 6.17 per cent from Rs 6,017.95 crore for the quarter ended December 31, 2015 to Rs 5,646.35 crore for the quarter ended December 31, 2016.
Its total expenses also dropped 16.21 per cent from Rs 4,157.94 crore for the quarter ended December 31, 2015 to Rs 3,483.86 crore for the quarter ended December 31, 2016.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.