Page 10 - Npa

Banks' push for NPA recognition to hurt near-term profitability: Moody's

The Reserve Bank of India's (RBI) rules are credit positive because they provide a clearer

Banks' gross NPAs at Rs 8.41 trn in Dec 2017; SBI highest at Rs 2 trn

Indian Overseas Bank bank had gross NPAs of Rs 317 billion

Probe NPAs above Rs 500 mn, report fraud to CBI: Finance Ministry to PSBs

Finance Ministry today directed public sector banks (PSBs) to probe all NPA accounts of over Rs 50 crore for possible fraud and accordingly report the cases to CBI. The direction comes amid state-owned lender PNB reporting Rs 12,700 crore fraud through alleged fraudulent misuse of letters of undertaking (LoUs) by billionaire jeweller Nirav Modi and associates. Besides, other PSBs too have approached investigating agencies as borrowers (as in the case of Rotomac Group and Simbhaoli Sugars) have not returned loans. Financial Services Secretary Rajiv Kumar, through a tweet informed that managing directors of PSBs have been directed to detect bank frauds and refer cases to the CBI. "PSB MDs directed to detect bank frauds & consequential wilful default in time & refer cases to CBI. To examine all NPA accounts > Rs 50Cr for possible fraud," the secretary said in the tweet. PSBs have also been asked to involve Enforcement Directorate (ED)/ Directorate of Revenue Intelligence (DRI)

NCLT route cannot be used effectively in all NPA cases, says SBI MD

One size fits all approach may not work in all cases, SBI MD said

NPAs and structural issues

To fix one you need to fix the others

NPA resolution not to liquidate cos, but to help save them: Arun Jaitley

Jaitley was addressing an insolvency summit organised by CII

NPA resolution to spur credit expansion, growth: Arvind Panagariya

The 12 identified cases account for 25 per cent or about Rs 2 lakh crore of NPAs

Bankers review progress of 12 large NPA accounts under IBC

Out of these 12 accounts, nine have already been referred to the NCLT

Haircut needed to resolve NPAs, says Rangarajan

Former Reserve Bank of India governor C Rangarajan says 'some haircut' is inevitable in the process of resolving the big load of bad loans at government-owned banks. A haircut is the term for the writeoff a lender accepts on a debt payment when a borrower can't repay what is due at a point in time. Needed here, said Rangarjan, since the size of non-perofrming accounts (NPAs) had become so big."The clean-up has to be done and perhaps some haircut is inevitable. The question is whether the banks are ready for a haircut and how that is managed. The best result is with the haircut, the loan should once again become good," said Rangarajan, also chairman of the prime minister's economic advisory council in the earlier government.NPA resolution was important, he said, to stimulate the economy and investments. He felt the process, if decided on, would take at least a year to complete.NPAs at public sector banks (PSBs) have mounted to a little over Rs 6 lakh crore. The government issued an ...

NPA resolution: PMO to review progress on June 19

The banking sector is saddled with NPAs of over Rs 8 lakh crore

Lenders discuss NPA resolution with RBI

While there is a sense of urgency, but it's too early to set timelines for the resolution

Rating agencies to assess viability, recommend haircuts in NPA cases

RBI had outlined an action plan including role for rating agencies in resolution of stressed loans

Letters: Tap alternative skills

I can say that the system of offloading NPAs and acquisition is yet to be streamlined

RBI required empowerment with relation to specific stressed assets: Jaitley

RBI is now authorised to initiate bankruptcy proceedings for stressed assets, Jaitley said

Bad debt woes: RBI set to take driver's seat in banks' fight against NPAs

Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end

NPA resolution mechanisms need to be strengthened: S S Mundra

In cases where SDR was used, banks could treat the exposure as standard asset for 18 months

NPA problem: Will pills do where surgery is required?

A public sector asset rehabilitation agency is needed to solve the NPA problem

Time to bite the bullet to resolve NPA problem: Deepak Parekh

Gross non-performing assets are now estimated at 11.2% for PSU banks, says Parekh

NPAs at Rs 6.8 lakh crore: PAC for naming and shaming defaulters

Out of Rs 6.8 lakh cr of NPAs of public sector banks, 70% are those of big corporate houses

At 12%, banks in Odisha have higher NPA than national average

The non-performing assets (NPAs) of banks in Odisha is recorded at 11.95 per cent as on December 31, 2016 with maximum slippages noted in the loans advanced to the agriculture and education sectors.Though bad loans crisis is a nationwide phenomenon, the gross NPAs of banks operating in Odisha at 11.95 per cent is higher than the pan-India average of 9.3 per cent (as on December 2016) of both the public and private sector banks.In Odisha, out of the total outstanding advances of Rs 105109.84 crores to priority and non-priority sectors, the NPA stood at Rs 12557.10 crore for the quarter ended December 31, 2016.A loan or advance for which the principal or interest payment remained overdue for a period of 90 days is classified an NPA.The NPA rate in the state is the highest in case of agriculture term loans and it is pegged at 17.83 per cent. For the overall agriculture sector, the rate stood at a whopping 13.48 per cent.The rate for MSMEs is 12.87 per cent while it is 14.45 per cent and .