Rai is chairing the Banks Board Bureau, which is working on ways to address the bad loan issues
RBI had also conducted an asset quality review and had given banks a deadline to clean up their balance sheet by FY17
Banks Board Bureau's proposal deserves careful consideration
In late 2015, RBI discovered 150 largest accounts which were facing problems in servicing their debt obligations
Gangwar said GNPA jumped from 5.43% in 2014-15 to 9.32% in 2015-16
Banks had commissioned techno-economic viability studies as well as forensic audits for stressed cases
According to bankers, this was on account of the cotton ginning industry which was the most affected sector in FY2015-16
They are to ascertain the defaulters' present occupation, income streams among others
Pain in corporate loans recognised; agriculture could be next
The entire thing will be rolled out in a fortnight, Rai said without giving much details of it
the NPA rate is highest in the case of agriculture term loans at 16.97%
Bank aim to stem any backlash that may happen from the investor community in the light of increasing bad loans in the industry
The Capital to Risk Asset Ratio, an indicator of bank's capital adequacy, could decline to 10.4% by March 2017, it said
Gross NPAs of PSBs rose to Rs 3.61 lakh crore at the end of December 2015
The real cause for celebration is that the RBI's tough stance has forced companies to get serious about repaying loans if they don't wish to end up in prison
The RBI governor Raghuram Rajan said that the NPA clean-up is simply about whether the loan is 'performing or not performing'
Demand for staff's anti-fraud training increases
Asset Quality, capitalisation to stay under pressure
SBI paid an advance tax of Rs 690 crore as against Rs 1,749 crore paid in the March quarter last fiscal
The state government is inordinately delaying to come out with the notification of the extent of crop loss in Kharif 2015