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, ..
..Read MoreRecent Data on Bank Frauds and NPA
According to Minister of State for Finance, Bhagwat Karad, amount involved in bank frauds as well as select financial institutions has decreased by 8% in past two years. The amount has decreased from Rs 32,178 crore in 2019-20 to Rs 3,785 crore in 2021-22. Key Points of the govt data: As per RBI data, in ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Bank fraud • Gross non-performing assets (GNPAs) • Non Performing Assets (NPA) • Non Performing loans
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 - 2022
Topics: Asset Reconstruction Companies (ARC’s) • Bad Bank • Indian Bank Association • ministry of corporate affairs (MCA) • National Asset Reconstruction Company • Non Performing Assets (NPA)
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: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Dividend Payout norms for NBFCs • NBFCs • Non Performing Assets (NPA) • Non-Banking Financial Companies (NBFCs)
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: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Capital to risk-weighted assets ratio (CRAR) • Loan Moratorium Scheme • Non Performing Assets (NPA) • Non-banking financial institutions (NBFCs) • Provision Coverage Ratio (PCR) • RBI Annual Report-2021 • Reserve Bank of India (RBI)
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: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Financial regulation • IDBI Bank • LIC • Non Performing Assets (NPA) • Non-Banking Financial Companies • Prompt Corrective Action • Reserve Bank of India (RBI)
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: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Banking Regulation Act • Insolvency and Bankruptcy Code • Non Performing Assets (NPA) • Public Sector Banks (PSBs) • Reserve Bank of India (RBI) • SARFAESI • SARFAESI Act • scheduled commercial banks • TRend and progress report • Urban Cooperative Banks (UCB)