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Viral Acharya News
Acharya blames RBI's forbearance schemes for NPA issue
Thu, Aug 24, 2017
"Unfortunately the RBI, for variety of reasons, has engaged in various forbearance schemes saying you can take another 18 months or two years...In one way or the other, we've actually contributed to the NPA problem to become so protracted over a period.
Five public sector banks account for nearly half of non-performing assets
Fri, Aug 18, 2017
NPA problem of banks have worsen further during Q1FY18. Banks have seen sharp rise of 34% year-on-year and nearly 17% quarter-on-quarter rise in NPAs.
Mundra retires; Vishwanathan to head supervisory depts at RBI
Tue, Aug 01, 2017
Deputy governor Viral Acharya will be handling the central security cell, the Rajbhasha department and the human resources function, RBI said.
MPC members to get Rs 1.5 lakh per meet,disclose assets every year
Sun, Jul 23, 2017
The silent period and confidentiality requirements will also apply to the three RBI members, including the Governor, on the panel that has been deciding on policy rates since October last year, the central bank has said.
Cleaning of banks' balance sheet top priority: Acharya
Sat, Jul 22, 2017
Banks are saddled with non-performing assets (NPAs) of over Rs 7 lakh crore. According to the government, NPAs have reached unacceptably high levels and need urgent measures for their resolution.
50% provisions for IBC accounts "very reasonable": RBI's Acharya
Fri, Jun 30, 2017
Viral Acharya incharge of monetary policy making said till now, the banks have neglected the crucial aspect of provisions against the expected losses which have resulted in lack of success in earlier resolution attempts.
Urjit Patel for avoiding premature policy action by RBI: MPC minutes
Wed, Jun 21, 2017
Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.
Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis
Fri, May 05, 2017
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
Here's how banks can save themselves from NPA stress
Wed, May 03, 2017
Bad loans are one of the reasons why banks are currently suffering through higher provisions, deterioration in asset quality, higher slippages and thus lower earnings.
B P Kanungo takes over as RBI Deputy Governor
Mon, Apr 03, 2017
RBI`s other deputy governors are Viral Acharya, S.S. Mundra and N.S. Vishwanathan.
Govt must bail out troubled big borrowers at time: CEA Subramanian
Tue, Mar 14, 2017
Subramanian also said that the bad bank will adopt all other options of resolution, including changing the promoters and management as well.
Finance Minister Arun Jaitley, RBI officials to discuss banks' bad loans today
Fri, Mar 10, 2017
FM Arun Jaitley will meet senior Reserve Bank of India (RBI) officials in New Delhi on Friday to discuss the issue of banks` non-performing assets (NPAs) or bad loans, according to sources.
Tough love for bad debt? RBI deputy targets Indian banks' toxic loans
Wed, Mar 01, 2017
Bankers are also opposed to a "bad bank" and are urging the RBI to allow existing programmes to work.
RBI's Viral Acharya says immediate need to resolve bad loans
Wed, Feb 22, 2017
"Since the RBI initiated the Asset Quality Review (AQR) of banks in the second half of 2015, it appears that possibly up to a sixth of public sector banks’ gross advances are stressed (non-performing, restructured or written-off), and a significant majority of these are in fact non-performing assets (NPAs)," said Acharya.
In a major shift, RBI supports bad bank idea
Thu, Feb 09, 2017
The bad bank concept received a shot in the arm with the Economic Survey.
RBI's Acharya says NPA problem require significant recapitalisation of banks
Wed, Feb 08, 2017
Acharya added, "There is a need for speedy and efficient resolution of stressed assets as it probably could help in restoring the utilisation capacity in this sector while further creating healthy investment in the system and at the same time would also support banks to again start lending in the same sectors again."
Viral Acharya joins RBI as Deputy Governor today
Fri, Jan 20, 2017
Acharya will look after portfolios like monetary policy and research clusters. He will also take a seat in the six member monetary policy committee (MPC).
India at exciting but challenging time: RBI Deputy Governor Acharya
Tue, Jan 10, 2017
Acharya will be in charge of monetary policy, foreign exchange and market operations, as well as research and statistics.
WATCH: Top 5 stories of this evening; From fall in markets on profit booking to Govt appointing Viral Acharya as RBI's new deputy governor
Wed, Dec 28, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments.
Deputy RBI Governor Viral Acharya: Modi brings back focus on banks' NPA issue?
Wed, Dec 28, 2016
Considering Acharya's major interest, does that mean with his appointment the Modi-led government once again shifts its focus on bank's long hanging stress – 'the bad loans'?