SBI lines up NPAs over Rs 746 crore including Sintex BAPL for sale in October-November
NEW DELHI: The State Bank of India (SBI) has lined up various non-performing assets up for sale this month and the next, including the fraud account of Sintex BAPL, to recover over Rs 746 crore. In an auction scheduled for November 4, SBI will put up NPAs for sale to asset reconstruction companies (ARCs)/ financial […]
Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 crore in FY21: RTI
NEW DELHI: Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response. The RTI query was filed by Nagpur-based Sanjay Thul seeking information on non-performing assets (NPAs) of state-run banks and bad loans write-off by PSBs in the last […]
Private banks witnessed rise in NPAs in large borrowal accounts in FY20: RBI
NEW DELHI: Private sector banks witnessed a rise in non-performing assets (NPA) in respect of large borrowal accounts with exposure of Rs five crore or above. A recent report by the Reserve Bank of India (RBI), cited that gross NPA ratio as well as the ratio of restructured standard assets to total funded amounts emanating […]
Loan moratorium: RBI urges Supreme Court to lift order banning declaration of NPAs
NEW DELHI: The RBI Thursday urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders, saying it is facing difficulty due to the directive. In a relief to stressed borrowers who are facing […]
Accounts not performing due to delay won’t be labelled NPAs: Centre
NEW DELHI: The government of India (Centre) has informed the Supreme Court that accounts becoming non-performing due to bank’s or any other delay need not suffer the label of Non-Performing Assets (NPAs). The Centre said concerns have also been expressed regarding possible downgradation of loan accounts from standard to NPAs and consequent impact on ratings. […]
Don’t declare any account not in default till August 31 as NPA: Supreme Court
NEW DELHI: In an interim relief to borrowers, the Supreme Court on Thursday directed banks not to declare loan accounts, which were not under default till August 31, as non-performing assets (NPAs), until further orders. A bench comprising Justices Ashok Bhushan, R. Subhash Reddy and M.R. Shah said: “At the request of Tushar Mehta, Solicitor […]
Axis Bank more than doubles loan provisions for NPAs in troubled sectors
NEW DELHI: Third largest private sector lender Axis Bank is setting aside more capital, more than twice over the regulatory requirements, for loans in sectors it has identified as “stressed”, a senior official has said. The bank is maintaining a standard asset provisioning of 1 percentage point for bad loans in such sectors, as against […]
Yes Bank denies window dressing of corporate accounts to hide NPAs
MUMBAI: Private sector lender Yes Bank on Thursday said it has not indulged in any window dressing of its corporate accounts to conceal non-performing assets (NPAs). The bank had reported a gross and net NPA of 1.3% and 0.59% respectively as on 30 June 2018. The bank said the NPA figures are “among the finest […]