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Bank NPA News

Banks capital infusion

03 Oct 2018

PSBs recapitalisation: Government to release 2nd tranche of funds soon

The government last year unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

13 Dec 2017

Banks set to refer 23 of 28 large stressed accounts to NCLT

These 28 accounts together account for 40 percent of bad loans of around Rs 4 trillion.

04 May 2017

Bank stocks surge up to 9% on NPA resolution push

Bank stocks were in the limelight today, surging by up to 9 percent on the government's decision to put in place a mechanism to effectively deal with the problem of mounting bad loans in the sector.

04 May 2017

Cabinet has taken significant decision on banking sector: Jaitley

India`s cabinet has taken significant decisions on the country`s banking sector, Finance Minister Arun Jaitley said, declining to give further details, saying it needed a Presidential accord.

19 Sep 2016

Banks moving past worst asset quality cycle, outlook stable: Moody's

India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.

26 Apr 2016

Bad debt: SC asks finance ministry to explain steps taken for recovering NPAs

SC has also asked the Finance Ministry to inform as to what safeguards it is bringing in to curb bad debt.

20 Aug 2015

Clear policies, project clearances key to NPA fight: Kochhar

ICICI Bank chief Chanda Kochhar Thursday said rather than blaming banks for shoddy diligence, predictable policies and "unshackling" stuck projects are the key to tackle the problem of bad loans.

04 Aug 2015

Rajan warns of action against banks hiding true NPA numbers

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

12 May 2015

Bad loans to rise to Rs 4 lakh cr for banks: Crisil

Asset quality woes of banks may turn worse for banks, with their gross non-performing assets (NPA) expected to rise by Rs 60,000 crore in the current fiscal to Rs 4 lakh crore, credit rating firm Crisil said Tuesday.

non-performing assets

07 May 2015

RBI's new mechanism for banks to check loan frauds

The RBI on Thursday put in place a new framework to check loan frauds including by way of early warning signals at banks and red flagging of accounts, while swindlers will have no access to further banking finance.

Finance Ministry

28 Apr 2015

FinMin discusses 85 large projects worth Rs 3.51 lakh crore

In an effort to help banks facing asset quality woes and to revive investments in the critical infra sector, the government Tuesday discussed 85 large projects entailing Rs 3.51 lakh crore in outstanding bank credit.

Finance Ministry

19 Apr 2015

Finance ministry calls meeting of bank heads on April 28

The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.

non performing assets

13 Mar 2015

Total NPAs of banks increase to Rs 3,00,611 crore

The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth.

Finance Ministry

26 Aug 2014

FinMin orders forensic audit of UCO Bank

The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.

27 Jul 2014

'Govt, bank mgmts not making serious efforts to recover NPAs'

The Bank Employees Federation of India (BEFI) Sunday came down heavily on the central government and the bank managements over accumulation of Non-Performing Assets (NPA) to the tune of Rs 2 lakh crore.

State Bank of India

15 Jul 2014

SBI sells NPA worth Rs 3,590 cr to ARCs last fiscal

State Bank of India sold non-performing assets worth Rs 3,590 crore to various asset reconstruction companies (ARCs) during 2013-14.

15 Jun 2014

CII suggests action plan for revival of NBFCs

Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.

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