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Bad loans in PSBs News
Bad loans in PSBs
Bad loans: RBI reveals top 20 defaulters of PSBs account for Rs 2.36 lakh crore
Thu, Nov 22, 2018
According to the central bank data, top 20 defaulters of public sector banks have Rs 2.36 lakh crore non-performing assets (NPAs), which is about 50% of the total loan exposure of Rs 4.69 lakh crore to the top 20 borrowers as of fiscal 2018-end. However, in case of private banks, the defaults by top 20 defaulters are 34% of the loan exposure of Rs 1.31 lakh crore to the top 20 borrowers.
Raghuram Rajan blames this for bad loans crisis in banks
Mon, Sep 10, 2018
The parliamentary committee looking into the issue of mounting NPAs had asked Raghuram Rajan to appear before it. The former RBI Governor was reportedly invited after former CEA Arvind Subramanian praised him before the panel for identifying the NPA crisis.
PSBs should have operational freedom like private players to deal with issues: Official
Sat, Aug 25, 2018
"There are limitations with respect to ownerships in public sector banks (PSBs) but those issues can be easily resolved. You give the public sector banks the kind of operational freedom that the private sector banks have (to operate freely)," Padmanabhan said
PSU banks took recovery action against 5,954 wilful defaulters, FinMin says
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
NPA resolution to spur credit expansion, growth: Panagariya
Sun, Aug 13, 2017
Terming the non-performing assets (NPAs) or bad loans problem as a 'legacy issue', Arvind Panagariya said that even after three years of the NDA government taking charge, it has not gone away.