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Loan Restructuring of PSUs |
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| 13-12-2012 | |||||||||||||||||
Press Information Bureau Government of India Ministry of Finance 13-December-2012 17:32 IST The Public Sector Bank (PSB)-wise details of restructured standard advances for the period March 2010, March 2011, March 2012 are as under:- Amt. Rs. in crore
The data reporting system of the Reserve Bank of India (RBI) does not collect company-wise details. The objective of restructuring is to conserve valuable financial assets in a downturn, revival of entities and ensuring safety of the funds lent by the banks. Although the Gross Non-Performing assets and restructuring of loans of PSBs have shown an increasing trend, at system level, they do not indicate any systemic vulnerability. The PSBs have posted a net profit of around Rs. 49,500 crore as on 31.3.2012 as against around Rs. 44,900 crore as on 31.3. 2011. The Tier 1 Capital to Risk-weighted Asset Ratio (CRAR) of all PSBs are above the regulatory norms of 6%. As of now, there is no proposal before the Government to support funding of restructuring by PSBs. This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today. * * * DSM/RS/bs |
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