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RBI to issue revised circular on NPA resolution norms in 3-4 days: Das

Thursday, June 6, 2019, 6:07 PM

The Reserve Bank will issue a new set of guidelines for bad loan resolution, replacing the February 12 circular that was quashed by the Supreme Court, "within the next three-four days", governor Shaktikanta Das said Thursday. "It has taken more time than we anticipated because it involved examining various legal issues and wide-ranging stakeholder consultations," he explained for the delay.
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Allahabad Bank looks to recover Rs 2,000 crore bad loans per quarter

Monday, June 3, 2019, 10:28 AM

State-run Allahabad Bank is aiming to recover around Rs.2,000 crore of bad loans per quarter during the current fiscal to cut its high non-performing asset level. The lender's gross non-performing assets (NPAs), in absolute terms, stood at Rs.28,704.78 crore at the end of the fourth quarter last fiscal, while gross NPA as a percentage of total loans was at 17.55% during the same period.
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SBI to sell Rs 230-crore NPAs with up to 79% haircut

Wednesday, May 29, 2019, 10:07 AM

State Bank of India (SBI) put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts. The four assets are Lovely International and Lovely Enterprises (Rs 95 crore), Abhijeet Ferrotech (Rs 89 crore), Trichy Tanjavur Expressway (Rs 24 crore) and Madurai Tuticorin Expressway (Rs 22 crore).

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