Hindsight: FY 2013-14 was a mixed year. Compared to last year, the limited capacity addition what we are seeing in this financial year are either and the solar power plants under REC mechanism, or projects that were to be executed last year or allotments done last year for execution.
Tag: NPAs
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Cabinet may consider approval for large projects
Union cabinet may consider approval for several large-sized infrastructure projects, costing at least Rs 1,000 crore, to ensure expeditious clearances. Union finance ministry is learnt to have sought specific comments from the concerned ministries on pending approvals
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NPAs of banks rises 31.8% in FY13
RBI Deputy Governor HR Khan informed that the gross non-performing assets of banks rose 31.8 per cent, while restructured standard advances expanded 40 per cent in 2012-13. Speaking at an event in Thiruvananthapuram, Khan attributed the rise in the NPAs to uncertain macroeconomic environment, underlying issues in credit assessment and bad loan management by
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Officials discuss issues in stressed loan mkt
Usha Thorat, Director of the Centre for Advanced Financial Research and Learning (Cafral), held discussion with banks, rating agencies and asset reconstruction companies (ARCs) on the issues in the stressed loan market. Typically, banks sell non performing assets (NPAs) to ARCs, which in turn tries to recovers the loan from the borrowers. ARCs acquire stressed assets from banks at a mutually agreed upon price and then recover it fro
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Minister raises concern on rising bad loans
Finance Minister P Chidambaram raised concern about the rising non-performing assets (NPAs) in the banking system and asked banks to control it order to prevent adverse impact on profitability. Huge provisioning for NPAs is eating into the profits of state-owned banks, the minister said while addressing the annual general meeting of the Indian BanksÂ’ Association
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SBI to take Rs 2 bn hit due to provisioning norms
Pratip Chaudhuri, Chairman of State Bank of India (SBI) informed that the total impact of Reserve Bank of India (RBI)Â’s revised norms on provisioning for non-performing assets (NPAs) and restructured loans would be about Rs 200 crore a year. He said this would be less than 1 per cent on a PBT (profit before tax) basis and hence it may not have a significant impact on SBIÂ’s profitability
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NPAs of state-run banks rise in FY13
Owing to high interest rate and slowdown in the economy, non performing assets (NPAs) with the public sector banks (PSBs) rose about 90 basis points year-on-year during 2012-13. However, their peers in the private sector managed to avoid rise in NPAs because of better risk management and low exposure to risky
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Allahabad Bank to reduce bad loans
Agency reports indicate that Allahabad Bank intends to bring down its gross non-performing assets (NPAs) to around 3.2 per cent by March 2014 from 3.92 per cent in 2012-13. Shubhalakshmi Panse, Chairman and Managing Director of the bank is quoted as saying that the bank was monitoring bad accounts on a daily basis along with focus on recovery
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Gross NPAs of state-run banks rise
Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,
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It is during the project execution stage that the boys will be differentiated from the men
Andhra Bank recently announced plans to focus on infrastructure lending. Although relatively modest in volumes, at Rs 12,650 crore, the bank has devoted approximately 19 per cent to infrastructure.
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