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 […]