Bad Bank Current Affairs, GK & News
Bad Bank
If a bank’s borrowers repeatedly default, the loans are classified as bad debts. And if these bad debts exceed manageable levels, an independent bank may need to be created to serve them together. This new bank is called Bad Bank. To address the growing problem of rising bad debts in the banking sector, the creation ..
National Asset Reconstruction Company- Key Facts
The National Asset Reconstruction Company (NARC) has finally become a legal entity registered with the Registrar of Companies (RoC) Mumbai. Key Points NARC is also called as bad bank is finally here in India. It is considered as a one-stop solution for banking systems stressed assets menace. Under the first phase, 22 stressed accounts amounting ..
Month: Current Affairs - July, 2021
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies (ARC’s) • Bad Bank • Indian Bank Association • ministry of corporate affairs (MCA) • National Asset Reconstruction Company • Non Performing Assets (NPA)
Padmakumar M Nair named CEO of proposed bad bank
Padmakumar Madhavan Nair of State Bank of India has been appointed as the CEO of Bad Bank. The Bad Bank is a proposed entity of the National Asset Reconstruction Company (NARC). About Padmakumar Nair Current Mr Nair is serving as the Chief General Manager in charge of Stressed Assets of SBI. He has been holding ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies (ARC’s) • Bad Bank • Confederation of Indian Industries • Indian Banks' Association • SBI • State Bank of India (SBI) • Sudharshan Sen Committee
Public Asset Reconstruction Agency
The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the Non-Performing Assets (NPA) of public sector banks in India and to deal with the recovery of the bad loans. This agency has been proposed in Economic Survey 2016-17. The main function of PARA would be to take ..
Topics: Bad Bank • Bank • Banking • Bond • Debt restructuring • Economy • Finance • Financial crises • Money • Non-performing loan • Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
RBI initiates PCA against Allahabad Bank over its high bad loans
The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. The action would contribute to the overall improvement in risk management, asset quality, profitability, efficiency of the bank. The ..
Topics: Bad Bank • Bank • Central bank • Economy • Financial services • IDBI Bank • Indian companies established • Money • Prompt Corrective Action • Public Sector Banks in India • Reserve Bank of India • UCO Bank