Despite policy incentives and new PPP contract model to protect private partners from external and unforeseen factors, Ministry of Ports, Shipping and Waterways is saddled with many abandoned projects
Restructured standard advances ratio, especially of services and retail loans, has shown a sharp increase in FY21 though. Some of these could turn into NPAs, adding to banks’ stress assets.
The bank's gross non-performing assets (NPAs) surged to 10.81%.
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
Not just lack of regulations of private ARCs, continuous writing-off of NPAs and creation of new ones point to gross failures of the IBC and other mechanisms
Modi also urged banks to support start-ups and rural areas and step up fintech initiatives.
MCA to soon begin deliberations with RBI, finmin on IBBI recommendations to bring in a code of conduct
Debate heats up as the central bank sends SREI companies to insolvency, supercedes board
The stress in the economy—on the back of the second Covid wave—is showing up on the Mudra and MSME portfolios of the SBI.
The country’s biggest lender will transfer the accounts in phases by the end of FY22.
