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Finance Ministry on course to meet NPA recovery target

Thursday, February 14, 2019, 8:22 PM

The Finance Ministry is on course to meeting the NPA recovery target of Rs.1.8L crore by March 31, 2019 with the recoveries already touching Rs.1.08L crore and many big-ticket default cases reaching resolution. Finance Ministry sources said big ticket recoveries were due this month or in March from Essar Steel and Bhushan Power & Steel which together can fetch over Rs.60,000 crore.
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RBI says banks under PCA report slower NPA growth in FY18

Saturday, December 29, 2018, 7:45 AM

The 11 public sector banks that are under the PCA framework have shown lower growth in gross non-performing assets as against non-PCA banks, the Reserve Bank said in a report. Of the 21 state-owned banks, as many as 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders. These 11 banks constitute a fifth of system-wide credit and deposits.
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SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

Sunday, December 2, 2018, 7:51 PM

India's largest lender SBI has put up for sale three of its non-performing loan accounts to recover dues of Rs.2,110.71 crore. An e-auction will take place on December 13 for the sale of these three accounts Sona Alloys Pvt Ltd, MCL Global Steel Pvt Ltd and Jayaswal Neco Industries. Net NPAs stood at 4.84 per cent of net advances, up from 4.53 per cent.

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