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NPA DETECTION SYSTEM
Crisil: NPAs to peak mid-way in FY19, muted credit pick-upThe massive revision of bad loan resolution norms will lead to a spike in impaired assets in the March 2018 numbers, but will peak by mid 2...
NPAs inherited as legacy; govt has zero tolerance to financial impropriety: Ravi Shankar PrasadThe government, he said, "is committed for taking stringent action against NPAs and other irregularities."
RBI directs concurrent auditors to submit reports directly to banksThe Reserve Bank of India has asked concurrent auditors of commercial banks to do to submit their review of non-performing loans directly t...
SBI to put in place early warning signals to rein in NPAsThe bank also tied up with GE Capital for proactively making calls to SMAs in retail segment and real estate sector to prevent slippages.
RBI to soon issue norms for Central Fraud Registry: RBI Deputy Governor SS MundraThe proposed institution, which will enable quick sharing of information on entities found to be defrauding banks, would work under the sup...
Better corporate governance helps private banks limit NPAs: KC ChakrabartyChakrabarty today said private banks have been able to contain issues around asset quality plaguing the sector due to better corporate gove...
No improvement likely on bad loan front; PSBs to blame: Icra"The gross NPA percentage for banking system as a whole could rise further to 4.2-4.4 per cent as on March 31, from 4.1 per cent as on Dece...
Banks well-prepared to deal with frauds: ReportBanks are well-prepared to deal with various types of frauds and have an efficient system in place to save them from such risks, says a rep...
UBI chief Archana Bhargava quits over RBI probe; stock sinks 3%, recoversUBI, which slipped as much as 3.5% in trade on reports that Archana Bhargava has resigned as CMD of the bank following a probe by the RBI.
United Bank of India plunges over 3% as CMD Archana Bhargav quitsArchana Bhargava resigned as CMD of the bank following a probe by Reserve Bank of India (RBI) into possible mismanagement of NPAs.
United Bank of India faces an uncertain future in a market-driven economyUnited Bank of India, whose genesis goes back to 1914, is facing one of the worst crises in its history.
Is bad loan menace at United Bank of India a cover-up after serious lapses?A Deloitte report suggests serious lapses on the credit appraisal and automated NPA detection system of the bank.
RBI for independent valuation of debt recast plans to ensure fairnessReserve Bank of India plans to mandate independent valuations for large restructuring proposals to ensure viability and fairness, governor ...
RBI prods banks for recovery of bad loansSince 2000, Indian banks have written off more than Rs 1 lakh crore in bad loans, many of which first went through the restructuring proces...
RBI may consider fraud registry to deal with financial crimesRBI could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial s...
Government, RBI steps improved recovery of NPAs: Finance Minister P ChidambaramGross NPA of PSU banks jumped to Rs 1,84,193 crore in December 2012 compared to Rs 1,37,102 crore in March 2012.
Bad loans of Public Sector Banks rise to Rs 1.12 lakh crore in 2012Non-performing assets of public sector banks rose to Rs 1,11,664 crore in 2012 from Rs 52,807 crore in 2003, data from the RBI said.