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On co-lending front, Ajay Kumar Srivastava said many proposals are there but it's a matter of pricing and the bank takes a call accordingly.
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In a post on social media platform X, the PM shared a MyGovIndia thread and said, “Insightful data on how there has been a transformation in the banking sector and how PSU banks are powering it.”
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The total outstanding borrowings of BGR Energy Systems from financial institutions added up to ₹3,758 crore, of which fund-based borrowings and non-fund-based borrowings were ₹1,400 crore and ₹2,358 crore, respectively.
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According to the regulator, AIFs preferential distribution or PD structures could also lead to the ever-greening of loans
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To meet their growing expenditure, from daily needs and health emergencies to weddings and sending their children abroad for studies, farmers rely on Arhtiyas despite the heavy interest they pay. Arhtiyas remain crucial for the farm economy of Punjab and Haryana
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The amount involved in the IBC was Rs 1,99,250 crore, of which only 23.8 percent has been recovered by the banks.
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An official said the bank’s growth was good and it had the cushion to write off these advances.
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In the recently concluded performance review of PSBs by the Finance Ministry, sources said, lenders were asked to focus on technology and data analytics to push their lending.
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The lender seeks to bring down government’s stake in the bank to 75 percent from 81 percent currently, and plans to raise funds through a qualified institutional placement of shares and follow-on public offer for the same in FY23, Atanu Kumar Das said
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The Supreme Court refused to grant any interim relief to Future Retail against NPA classification of its accounts.
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The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual Report of LIC.
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The governor said irrespective of the fact that liquidity is in surplus, the risk pricing of various loans being extended by banks has to be done diligently by banks themselves.
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Adani Group's NBFC -- Adani Capital -- is allowed to purchase bad loans under RBI norms. Despite this, the firm is mulling to set up special purpose vehicles for buying NPAs as most bad assets on sale are bought by ARCs. Reason being, if NBFC are used to purchase NPAs, it may lead to the accumulation of NPAs in its book.
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The lender had reported a profit after tax of Rs 137 crore in the corresponding quarter of FY20.
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Krishnamurthy Subramanian’s views echo that of RBI Governor Shaktikanta Das. In July 2020, Das had said a big push for mega infrastructure projects could reignite the economy, but banks saddled with infra-related NPAs, may not be best placed to finance these projects.
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There was record recovery of Rs 2.54 lakh crore during March 2018 and September 2020 and 11 out of 12 PSBs reported profit in the first half of 2020-21 amounting to Rs 14,688 crore, he said in a written reply to Rajya Sabha.
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The Centre is considering easing NPA classification period to between 120-180 days from 90 days, thus making permanent a measure adopted during the pandemic and the nationwide lockdown, a top government official told Moneycontrol. The person added that such a move would require legislative changes.
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Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks.
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All of them also agree that consolidation is no panacea for the banking sector's ills, and that governance is the elephant in the room and the government must pare down its stake in state-run banks.
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Since stressed power plants cannot afford to outbid bigger players, they are forced into a vicious cycle of running below maximum capacity, relying on debt to procure the next shipment of coal to keep the plant operational.
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For the full financial year, the bank reported a net loss of Rs 5,871.74 crore. It had registered a net loss of Rs 1,094.07 crore in the preceding 2016-17 fiscal.
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Bhushan Steel and Power was among the 12 non-performing accounts referred by the Reserve Bank of India for National Company Law Tribunal (NCLT) proceedings.
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Gross non-performing assets (NPAs) of banks declined marginally to 9.8 per cent at the end of September 30 over the previous quarter, government has said.
