Steps have been taken by the Government to improve the conditions of banks under it's 4R strategy of recognising non performing asset (NPA), Finance Ministry said in a statement. "Over the last five Financial Years (FYs), PSBs have been recapitalised to the extent of Rs 3.19 lakh crore, with infusion of Rs 2.5 lakh crore by the government and mobilisation of over Rs 66,000 crore by PSBs themselves", the Finance Ministry informed Lok Sabha on Monday.

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Here are the highlights of what Ministry of Finance said in Lok Sabha to improve the conditions of PSBs:

-Government worked directly under it's 4R strategy of recognising NPA transparently resolving and recovering value from stressed accounts
-It had been done through clean and effective laws and processes, re-capitalising banks, and reforming banks through the PSB Reforms Agenda
-Another key reform was, the board approved loan facilities of PSBs clearances or approval and linkages before disbursement, scrutiny of group balance-sheet and ring-fencing of cash flows, non-fund and tail risk appraisal in project financing. 
-Loan management system (LMS) regulated for personal segment and Ministry of Micro, Small and Medium Enterprises (MSME) loans 
-Assets quality has improved  as reflected in 45% year-on-year reduction in slippage into NPAs in FY 2018-19, and
- 63% reduction in 31 to 90 days overdue (SMA-1 & 2) corporate accounts by March 2019 from their peak in June 2017.
- Effect of 4R strategy on PSB's resulted in vigorous recovery of Rs. 3.59 lakh crore