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NPA ACTION PLAN
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...- RBI allows banks to extend relief measures to borrowers without their requests in disaster-hit areasNew Reserve Bank of India guidelines empower banks to offer relief to all borrowers in calamity-hit regions. These measures, effective July...
- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- UCO Bank clocks near 4-fold jump in profit; plans branch expansionNet profit was Rs 80 crore in the year-ago period. The bank set aside Rs 466 crore as the provision (other than taxes) and contingencies, w...
- Future Retail's lenders classify co as NPA; ask firm to submit 'viable' resolution plan"There is no deference (in classification of Future Retail as NPA) or so. All of us (banks) have recognised the account as an NPA as on dat...
- Market Movers: M&M Financials troubled by new RBI norms; TVS Motors fizzles outBrokerage firm CLSA India suggested that of all the non-bank lenders covered by it, M&M Financial was the only one in breach of the first t...
- Indian Overseas Bank aims to exit PCA soon: Karnam SekarWe are strengthening our asset recovery management branches with relatively high value advances. We have tried to pool stressed assets in t...
- Allahabad Bank hopes to return to black in Q1, gets board nod for Rs 4,000 crore fund raiseThe lender expects slippages to moderate and be contained at around 1 per cent per quarter.
- Govt to push PSBs to tap market for fresh capital in next fiscalIn the current fiscal, the government has already infused the Rs 1.6 lakh crore in banks.
- Allahabad Bank seeks Rs 7,000 crore capital infusion from governmentThe bank has shared a revival plan, wherein it has proposed to raise Rs 1,900 crore via QIPs and other means; resolution of IBC cases is ex...
- RBI, government do heavy lifting; can banks get back in shape?The government has been continuously raising the bar by introducing structural economic reforms.
- Govt ties recapitalisation of Public Sector Banks to action on reforms agendaThe final reforms blueprint will have about 35 action points, including customer services, rationalisation of branches, common customer ser...
- Six stressed PSBs may receive Rs 10,000 crore in capital infusionAnnounced in 2015, Indradhanush is a seven-pronged revamp plan for PSBs that includes a capital infusion to the tune of Rs 70,000 crore by ...
- RBI outlines action plan to implement ordinance on NPAsRBI will hold meetings with stakeholders, including PE firms and ARCs. It also said it would expand the scope of cases to be referred to ov...
- RBI may impose curbs on branch expansion by UBIUBI breached the second category risk threshold with net NPA more than 9% and accordingly RBI may give direction to the bank management on ...
- Allahabad Bank becomes a candidate for RBI's prompt corrective actionThe Kolkata-based bank said it made a net loss of 314 crore in FY17 and Rs 743 crore in FY18. Its return on assets was -0.13% and -0.33% re...
- Revised PCA to make banks more responsible: Dinesh Kumar Khara, SBIIf the bank managements are unable to initiate those corrective actions, new PCA guidelines make it clear what they can expect, says Khara.
- Finance Ministry readying plan to deal with menace of bad loansVarious issues were discussed in the meeting, which was also attended by a senior RBI official, where actionable plans were charted out.
- Effective early warning crucial in preventing banks' exposure to NPAsThrough a comprehensive early warning framework that includes identifying the right customer segment, understanding the data landscape, for...
- Moody's downgrade puts State Bank of India on par with its peersMoody's downgraded its credit rating of the country's largest lender SBI on concerns over its asset quality and a weak capital base.
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