Fema / RBI : RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March...
Finance : MSMEs in Jammu and Kashmir continue to face auctions and asset seizures despite mandatory RBI restructuring safeguards. The articl...
Fema / RBI : The functioning of co-operative banks has always demanded a delicate balance between regulatory compliance, financial prudence, an...
Fema / RBI : Explore Indias debt restructuring plans and their effectiveness in addressing the rising NPAs in the banking sector amid ongoing f...
Fema / RBI : Learn about Non-Performing Assets (NPA) classification, categories, and provisioning requirements as per RBI norms for effective a...
Fema / RBI : India’s banks record a sharp decline in bad loans, with gross NPAs at 2.15% by September 2025, highlighting the impact of sustai...
Fema / RBI : Gross non-perofrming assets (NPAs) improves from 11.33% in FY2017-18, to 13.52% in FY2018-19, to 14.69% in FY2019-20 As per Reserv...
Fema / RBI : ABG Shipyard was incorporated on 15 March 1985, has been banking arrangements since 2001. Financed under Consortium arrangement ov...
Fema / RBI : Gross non-performing assets of scheduled commercial banks have declined As per Reserve Bank of India (RBI) data on global operatio...
Fema / RBI : We advise that as per the circular dated April 17, 2020 on asset classification and provisioning, in respect of all accounts class...
Corporate Law : The Supreme Court held that under the amended Section 13(8) of the SARFAESI Act, the borrower's statutory right of redemption ends...
Corporate Law : NCLAT ruled that reclassifying corporate debtor accounts as standard cannot affect a creditor’s right to pursue personal guarant...
Corporate Law : NCLT Chennai rules IBC not right for ED attachment revocation in Nathella Sampath Jewelry case. Detailed analysis of jurisdictiona...
Income Tax : Explore the ITAT Bangalore order in Belur Urban Co-operative Bank vs ITO. Learn why reassessment on interest in NPA loans is direc...
Income Tax : ITAT Pune held that it is settled legal position that interest on (Non-Performing Assets) NPAs cannot be taxed on accrual basis....
Finance : International Financial Services Centres Authority (IFSCA) Clarifies Due Date for Recognition of Non-Performing Assets (NPAs) in...
Fema / RBI : Reserve Bank of India RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India...
Fema / RBI : The ‘previous 90 days period’ for determination of ‘out of order’ status of a CC/OD account shall be inclusive of the day ...
Fema / RBI : The extant instructions on IRACP norms specify that an amount is to be treated as overdue if it is not paid on the due date fixed ...
Fema / RBI : With a view to moving towards international best practices and to ensure greater transparency, '90 days' overdue1 norms for identi...
Total Advances and Gross Non-Performing Assets (GNPA) including the Number of accounts and Amount Involved of Public Sector Banks (PSBs) as on September 30, 2016 are as under.
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Out of loan to industrialists against whom a debt exceeding Rs.50 crore remains pending & Standing as NPA on 30.06.2016 is Rs. 3,88,919 Crores in 2071 Accounts.
The concept of NPA is introduced by RBI to reflect a bank’s actual financial health in its balance sheet and as per the recommendations made by the Committee on Financial System (Chairman Shri M. Narasimham). The provisioning should be made on the basis of the classification of assets into different categories.
Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector especially in case of Public Sector Banks (PSBs). The Finance Minister said that there are two categories of defaulters, viz. those who are unable to pay back due to economic slowdown both in domestic and global market and other reasons outside their control as well as wilful defaulters including loans sanctioned without due diligence by the banks.
Prevention is better than cure says the old saying. It is very much true in the case of NPA also. But the pertinent question is whether the banks and Financial Institutions take such steps to prevent the account slipping into NPA.
CDR Cover following cases – Multiple Banking accounts/Consortium Banking of Corporate Borrower engaged in type of activity with o/s fund based & non fund based limit of Rs 10 crores & above by banks and institutions. Initiative to resolve the case under CDR by at least 75% of creditors in value & 60% of creditors in quantity.
Proper monitoring of credit in banks has assumed greater significance in the effective management of lending. The success of credit monitoring largely depends on two aspects namely the co-operation of the borrower clients in furnishing the required data and statements to the banks on time and the capacity and knowledge of the credit monitoring authorities to take timely decisions and corrective steps to keep the borrowal accounts in good health.
Following the recent downgrade of the country’s largest lender State Bank of India by credit rating agency Moody’s Investor Services, the Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit appraisal procedure. The RBI has asked banks to remain cautious in the wake of a higher-than-expected rate hike that could have an adverse impact on the asset quality of banks.
Union Finance Minister, Shri Pranab Mukherjee has stressed on the need to sustain and pursue the efforts currently underway to reform the international and national policy regimes for better managing the forces of globalisation, in serving the collective well-being of people. He was speaking after inaugurating the National Banking Conclave organised by ASSOCHAM on the theme ‘Challenges and opportunities in a Trillion Dollar Economy’, here today.
