Non Performing Assets (NPA) Current Affairs, GK & News

Non Performing Assets (NPA)

The assets of the banks which don’t perform (that is – don’t bring any return) are called Non Performing Assets (NPA) or bad loans. Bank’s assets are the loans and advances given to customers. If customers don’t pay either interest or part of principal or both, the loan turns into bad loan. According to RBI, ..

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: 

Category: 

Topics: 

RBI: New Dividend Payout norms for NBFCs

Reserve Bank of India (RBI) has decided to prescribe guidelines on distribution of dividend by NBFCs in order to induce a greater transparency and uniformity in practice. Highlights Guidelines will be effective for the declaration of dividend from profit for financial year 2021-2022 and onwards. Board of directors will consider the proposals for dividend. They ..

Month: 

Category: 

Topics: 

RBI Annual Report-2021

Reserve Bank of India (RBI) published its annual report and highlights “asset quality of banks and their preparedness requires close monitoring for higher provisioning for upcoming quarters. Background RBI in its semi-annual financial stability report earlier highlighted, bad loan ratio of banks could rise to 13.5% under baseline stress scenario by September 2021. Key findings ..

Month: 

Category: 

Topics: 

LIC-owned IDBI Bank removed from PCA framework

The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as a result of its improved financial performance. Background Central bank had enlisted the IDBI Bank ..

Month: 

Category: 

Topics: 

RBI Trend and Progress Report, 2020

The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..

Month: 

Category: 

Topics: