NPA
NPA News
New NPA resolution norms in 3-4 days, says RBI Governor Shaktikanta Das
The RBI on February 12, 2018, issued a framework on the resolution of stressed assets under which banks were asked to disclose defaults even of a day and have to find a resolution plan within 180 days in case of large account of Rs 2,000 crore and above failing which it would send for bankruptcy.
Poor financial health of MSMEs push up NPAs in Gujarat by over 25 per cent
The poor financial health of both MSMEs and larger corporates in Gujarat does not augur well for the state government which is looking to attract major investments in the upcoming Vibrant Gujarat summit in January 2019.
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Losses to public sector banks to come down to Rs 50,000 crore in FY19, says report
Profits for the entire banking system are expected to start improving from the second half of this fiscal and turn positive for the whole fiscal, as most large private banks are expected to report profits, ratings agency Crisil said in its report.
SBI to sell 8 NPAs to recover dues worth over Rs 3,900 crore
In the first quarter ended June of the current fiscal, SBI has reported a hefty loss of Rs 4,876 crore due to higher NPAs or bad loans. Banks, especially state-owned, are sitting on heavy bad loans and are adopting an aggressive approach to resolve them by making recoveries through various modes.
Banks are unable to raise rates due to competitive pressures during high NPAs: RBI report
A Reserve Bank of India (RBI) study has said banks were unable to increase interest rates further when gross non-performing assets (NPAs) rose amid competitive pressures.
NPA resolution to spur credit expansion, growth, says Arvind Panagariya
NITI Aayog's report is expected to set the tone for consolidation roadmap. Five associate banks and Bharatiya Mahila Bank (BMB) became part of SBI on April 1, 2017, catapulting the country's largest lender to among the top 50 banks in the world.
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Axis Bank Q1 net profit falls 16% to Rs 1,306 crore
Axis bank’s net NPAs or bad loans increased to 2.30 per cent of net advances furnished by June-end from 1.08 per cent a year ago. In absolute terms, gross NPAs stood at Rs 22,030.87 crore as on June 30, 2017 compared to Rs 9,553.17 crore a year earlier.
Low credit demand, NPAs: RBI's Deputy Governor S S Mundra urges for focus on MSMEs
RBI Deputy Governor S S Mundra expressed concerns over higher propensity among lenders to focus on resilient retail loans as a way out of current difficulty of slowdown in demand from large corporations, saying "there is a limit" to which it can help.
NPA resolution: PMO takes stock of progress
The meeting was chaired by PM’s additional principal secretary P K Mishra and attended by senior officials, including financial services secretary Anjuly Chib Duggal and corporate affairs secretary Tapan Ray.
NCLT might have more benches for faster NPA resolution: M S Sahoo
Sahoo said that there is a thinking within the government to increase the number of benches and there is also a possibility that they may have dedicated benches for insolvency cases.
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