Page 10 - Npa

Public sector banks recover Rs 1.2 trillion from stressed assets in FY19

Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, primarily helped by resolution under the Insolvency and Bankruptcy Code (IBC), an official said. During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans. "Due to non-resolution of some big accounts referred under NCLT (National Company Law Tribunal), PSBs could not achieve the resolution target of Rs 1.80 lakh crore. But, these accounts should be resolved in the current financial year," the official said. Banks recovered close to Rs 55,000 crore from the NCLT resolution, the official said. "Compared to Rs 74,562 crore in 2017-18, the recovery in the previous financial year nearly doubled to Rs 1.2 lakh crore," the official said. Two large accounts of Essar Steel and Bhushan Power & Steel Ltd are still pending to be resolved. It is expected that these two accounts should be resolved in the next few months and recoveries ..

Banks must flag bad loans as NPAs after 90-day default: RBI to NCLAT

Sixty-nine firms of the group have been classified under categories based on their ability to service routine debt obligations

Between Peter and Paul: Banks continue to be blindsided on dud loans

The information asymmetry on credit continues to plague banks

Delayed cash flows and NPAs

We need to rid ourselves of a tolerance of delayed payments to avoid their consequences

NPA to improve by 180 bps to 8.5% in March 2020 on slower slippages: Crisil

This is slated to help the state-run lenders, who are expected to return to the black after four consecutive years of losses

NPA woes: India beats Italy to have world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'

Political dividend in financial largesse

Money permits patronage. Money means power. No wonder details of the crores locked up in NPAs and never repaid loans are top secret

Bankers burning midnight oil to resolve Rs 3.8 trn NPAs before deadline

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days

PSBs recover Rs 222 billion from NPA accounts via one-time settlement

The information presented in the Lok Sabha covers 19 nationalised banks

NPA resolution ignores the biggest cause of the issue - bankers' complicity

Raghuram Rajan, former RBI governor, while speaking in mid-2106 about PSBs, blamed bad loans on groupthink and herd instinct

Non-priority sector loans worsen NPA headache for public sector banks

These bad debts constitute 23% of advances of 10 PSBs at the end of FY18

Par panel seeks road map on NPA, enquires about nepotism in ICICI Bank

Non-performing assets (NPAs) touched Rs 8.31 trillion at end-December 2017

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