Thu, Aug 10, 2017
Gross NPAs of 21 banks have reached to 8.07% in June 2017 compared to 6.96% in June 2016 and 3.92% in June 2015.
More >
Tue, May 09, 2017
With the commencement of earnings season, major private banks have announced their fourth quarter ended March 31, 2017 result. The data in their financial audit shows period of high NPAs is over.
Wed, Feb 22, 2017
"Since the RBI initiated the Asset Quality Review (AQR) of banks in the second half of 2015, it appears that possibly up to a sixth of public sector banks’ gross advances are stressed (non-performing, restructured or written-off), and a significant majority of these are in fact non-performing assets (NPAs)," said Acharya.
Sun, Feb 12, 2017
The RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as non-performing assets (NPAs) and make adequate provisions for them. It has had a debilitating impact on banks' numbers and their stocks. The central bank has set a deadline of March 2017 to complete the AQR exercise.
Sun, Jan 29, 2017
The Reserve Bank is expected to extend the deadline for asset quality review (AQR) of lenders by a few months because of the unusual situation in the financial sector following demonetisation, bankers said.
Mon, Jan 09, 2017
Alka Anbarasu, a Moody's Vice President said, "Asset quality will remain a negative driver of the credit profiles of most rated Indian banks and the stock of impaired loans. Non-performing loans (NPLs) and standard restructured loans will still rise during the horizon of our outlook."
Tue, Jun 28, 2016
RBI Governor Raghuram Rajan had made cleaning up banks a priority during his nearly three-year tenure given the sector is saddled with $120 billion of sour loans.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
