Several images of the report pointed at deficiencies spanning SBI’s operations -- from management quality to overall functioning of the bank -- as documented by RBI
The government proposes to tweak the new NPA framework and are in talks with the banking regulator the Reserve Bank of India, reports CNBC-TV18 quoting sources.
Do not expect such high divergence for other banks and what happened with Axis Bank to happen with the peers, says Srikanth Vadlamani, VP-Financial Institutions Group, Moody's.
The Centre is working towards strengthening its ability to support the banks through greater resource mobilisation, Jaitley said.
An important theme that the market has been grappling with is the long list of companies that have gone to the National Company Law Tribunal (NCLT) and that results in appointment of insolvency resolution professional to manage these companies till someone comes and buys up the defaulters or some kind of resolution is reached by the creditors.
Huge buying interest seen in non-performing assets (NPAs) from the steel sector taken to the National Company Law Tribunal (NCLT).
Big defaulters were given ample time before bankruptcy proceedings were initiated, he said SS Mundra, Deputy Governor
From the side-lines of the India Banking Reforms Conclave, State Bank of India (SBI) Chairman Rajnish Kumar shared his views and outlook whether non-performing assets (NPA) resolution timelines could be missed considering Esser Steel has moved the Gujarat High Court and other company's may follow suit.
Bank of Baroda (BoB) has a very strong provision coverage ratio in comparison to other public sector undertaking (PSU) banks. Their tier-I capital ratio is also significantly higher. While most others are consolidating their balance sheet, BoB is talking about loan growth.
The recovery in steel demand in 2017, is on the back of a recovery in construction, infrastructure, and real estate, said Seshagiri Rao, Joint MD & Group CFO, JSW Steel.
The Banking Gyansangam that has been a routine affair for the past two years has been deferred. Primarily because of rising non-performing assets (NPAs), the mergers which are on the cards and a lot of capital infusion that is pending for the banks.
"I believe that private banks still stand better compared to PSU banks and we still are sticking to the large private banks at this moment", Siddharth Purohit, Senior Research Analyst at Angel Broking told CNBC-TV18. He prefers ICICI Bank and Axis Bank at this moment.
Whatever the decision, there needs to be a proper regulatory mechanism to speed it up, said Rajneesh Kumar, MD, State Bank of India.
Prime Minister’s Office (PMO), Finance Ministry and Steel Ministry are joining hands to tackle the stress in steel sector, the focus is on the large non-performing assets (NPAs) in the sector.
Satpal Arora, MD, Tourism Finance Corporation of India (TFCI) said the company is on track to reach Rs 1000 crore loan growth for FY17 but disbursements would be around Rs 500 crore as against expected Rs 600 crore, said Satpal Arora, MD, TFCI.
Recoveries of non-performing assets (NPAs) have not been as fast as in October, post demonetisation, said Kamakodi. Net interest margins also could be impacted, said N Kamakodi, MD & CEO, City Union Bank.
Private sector City Union Bank's net profit rose by 14.7 per cent to Rs 123.74 crore for the quarter ending September on healthy growth in advances even as bad loans increased during the period.
SBI chairperson Arundhati Bhattacharya today said the stressed assets level in the banking sector will come down once the key industrial sectors start functioning at their optimum capacity.
RK Bansal, ED, IDBI Bank does not think restructuring of standard loans could be too negative for banks.
"Total income has increased to Rs 1,506.94 crore for the quarter ended March of 2015-16 as against Rs 1,444.37 crore during the same period of 2014-15," it said in a regulatory filing.
Finance Minister Arun Jaitley today said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.
The growth momentum of the bank will continue to be supported by stable asset quality and branch expansions, said Murali M Natrajan, MD & CEO, DCB Bank, in an interview to CNBC-TV18.
Banks either make full provision as per the RBI guidelines or write-off advances and claims such tax benefits.