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Overview of SARFAESI Act, 2002

Corporate Law : The present article discusses Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARF...

June 30, 2023 1827 Views 0 comment Print

New Bad Loans Provision of RBI: What You Need to Know

Fema / RBI : RBI has recently introduced new rules for bad loans provisioning, aiming to enhance quality of bank assets & bolster overall banki...

May 20, 2023 1311 Views 0 comment Print

Exploring Inherent Weaknesses in Classification of Accounts as NPAs

Fema / RBI : Understanding the distinction between NPAs and inherent weaknesses is crucial for financial health. This exploration sheds light o...

February 26, 2023 2229 Views 0 comment Print

SARFAESI: Steps to be Followed for Effective NPA Management

Corporate Law : Securitisation and Reconstruction of  Financial Assets & Enforcement of Security  Interest Act, 2002 (SARFAESI) is basically...

April 18, 2022 42510 Views 1 comment Print

बेड बैंक स्थापित करने का रास्ता हुआ साफ: क्या बढ़ते एनपीए पर लग सकेगी लग़ाम?

Fema / RBI : आखिरकार एसबीआई के चेयरमैन खारा ने 28/01/2022 को पुष्टि क...

January 29, 2022 2778 Views 0 comment Print


Latest News


Recovery against Gross NPAs improves to 14.69% in FY 2019-20

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...

March 29, 2022 864 Views 0 comment Print

Press release about ABG Shipyard issue by SBI

Fema / RBI : ABG Shipyard was incorporated on 15 March 1985, has been banking arrangements since 2001. Financed under Consortium arrangement ov...

February 15, 2022 2982 Views 0 comment Print

Gross NPA of scheduled commercial banks declined

Fema / RBI : Gross non-performing assets of scheduled commercial banks have declined As per Reserve Bank of India (RBI) data on global operatio...

February 8, 2022 1296 Views 0 comment Print

COVID19 Regulatory Package – Asset Classification & Provisioning Clarification

Fema / RBI : We advise that as per the circular dated April 17, 2020 on asset classification and provisioning, in respect of all accounts class...

May 6, 2020 1974 Views 0 comment Print

NPAs of Nationalised Banks started declining 

Fema / RBI : Loans written-off from Balance Sheets of PSBs; As A result of Government’s 4R’s Strategy of Recognition, Resolution, Re-capita...

July 23, 2019 477 Views 0 comment Print


Latest Notifications


RBI guideline on Disclosure of Divergence in Asset Classification & Provisioning

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...

October 11, 2022 1758 Views 0 comment Print

Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications

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 ...

November 12, 2021 7491 Views 0 comment Print

President assents Banking Regulation (Amendment) Ordinance, 2017 on NPA

Fema / RBI, Income Tax : Banking Regulation (Amendment) Ordinance, 2017 enables the Union Government to authorize RBI to direct banking companies to resolv...

May 4, 2017 1587 Views 0 comment Print

Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy

Fema / RBI : Accordingly, Reserve Bank of India hereby permits Regional Rural Banks to open branches in Tier 3 to Tier 6 centres (with populat...

November 18, 2010 2733 Views 0 comment Print


Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy

November 18, 2010 2733 Views 0 comment Print

Accordingly, Reserve Bank of India hereby permits Regional Rural Banks to open branches in Tier 3 to Tier 6 centres (with population up to 49,999 as per Census 2001 – details of classification of centres tier-wise furnished in Annex II) without having the need to take permission from Reserve Bank of India in each case, subject to reporting, provided they fulfil the following conditions as per the latest inspection report.

NPAs of public sector banks over Rs 57,301 crore

November 18, 2010 174 Views 0 comment Print

Public sector banks in India had combined gross non-performing assets (NPAs) of Rs 57,301 crore during 2009-10, up 30 per cent from the previous fiscal, Parliament was informed on Tuesday. NPAs comprised 2.27 per cent of public sector banks’ (PSBs) g

Is it correct to say "Once NPA is alwyas NPA" under SARFAESI Act, 2002?

November 9, 2010 4987 Views 0 comment Print

It true that the Banks suffer a lot in recovering the outstanding dues from the borrowers in the absence of special enactment like SARFAESI Act and the object of the enactment is really laudable. It is a procedural change basically to enable the Banks to recover the loans speedily and in my opinion, it is not the intention of the legislature to put the borrower remediless if they are really aggrieved at the action initiated by the Banks under SARFAESI Act, 2002.

Operational Guidelines for the Swavalamban Scheme Announced

August 18, 2010 405 Views 0 comment Print

The Government of India has approved the Operational Guidelines for the Swavalamban Scheme which was announced by the Union Finance Minister in his speech of 2010-11. The Scheme is applicable to all citizens in the unorganised sector who join the New Pension Scheme (NPS) subject to their meeting the eligibility criteria.

Performance of RRBS Reviewed; Directed to Focus on Financial Inclusion; to Open 2000 New Branches by March 2011

August 18, 2010 339 Views 0 comment Print

The profitability of RRBs, as a segment, has been improving. However, some of the factors responsible for losses in RRBs are identified as : low recovery, high NPA, low business level, low productivity per branch and per staff, high cost structure, poor financial management, limited area of operation, non-viable level of operation in branches located in resource-poor areas etc. Further, one of the RRBs, namely Puduval Bharthiar Grama Bank, which was set up in March 2008, has not yet reached a breakeven point;

Provisions for NPA as per RBI Norms by NBFCs not deductible

January 13, 2010 3390 Views 0 comment Print

The assessee, a NBFC, made a ‘Provision for NPA’ in terms of the RBI Directions 1998. It claimed a deduction for the said provision u/s 36 (1)(vii) on the ground that as it was debited to the P&L Account and reduced the profits, it was a ‘write off’. In the alternative, it was claimed that there was a diminution in the value of its assets

Finance Ministry to review loan recovery practices and undervaluation of mortgaged properties during auctions

January 12, 2010 446 Views 0 comment Print

Also, there have been incidents where mortgaged properties were auctioned off at “undervalued” prices, the sources said. The meeting is to find out whether there was any actual mischief or if it was due to practical difficulties in finding a buyer to pay a higher value for the property as the registered value shown on paper would have been lesser than its actual value, they added.

CAR won’t come down below minimum required despite high NPAs: RBI

April 27, 2009 219 Views 0 comment Print

CAPITAL adequacy ratio—the minimum amount of capital banks have to set aside while lending—of Indian banks would continue to remain higher than the minimum regulatory requirement of 9% even if sticky loans, or NPAs, were to more than double. Addressing a seminar at the the London Business School on Thursday, RBI deputy governor Rakesh Mohan […]

RBI to withdraw NPA relaxation facility from 1st July 2009

April 24, 2009 646 Views 0 comment Print

The Reserve Bank of India (RBI) has informed banks that some of the modifications allowed to facilitate restructuring of non-performing assets(NPA) in view of the ongoing downturn in the Indian economy will be withdrawn from July 1 2009. “The circulars dated December 8, 2008, January 2, 2009 and February 4, 2009 for restructuring of accounts […]

Auditor’s Responsibilities Relating to Restructuring of Advances

March 28, 2009 384 Views 0 comment Print

Members may note that mere receipt of an application for restructuring does not by itself makes the advance(s) referred to above qualified to retain its classification as Standard Asset(s).

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