Page 10 - Npa

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

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